The advice website revealed that the number of people searching for whole of market advice on sub-prime mortgages increased from 3% in September to 7% in October.
This is the highest amount of enquiries recorded since Unbiased’s ‘find a mortgage adviser’ search launched in August 2008.
The top most searched for criteria continues to be first-time buyer enquiries, with 38% of total enquiries, a drop from 43% in September. The second most searched for criteria was re-mortgage advice, which has increased slightly from September to 29%.
Karen Barrett, chief executive of Unbiased, said the increase in those searching for advice from whole of market mortgage advisers on sub-prime mortgages points towards a squeezed market for those borrowers.
She added: “While an increasing number of mainstream mortgage deals are slowly appearing back onto the market, the sub-prime market remains slow, and these borrowers are therefore scoping out options through which they can access new deals.”
