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FTB interest in advice continues to grow

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  • 10/03/2011
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FTB interest in advice continues to grow
First-time buying remained the number one driver for consumers seeking whole of market mortgage advice in February, reported a financial adviser website.

According to unbiased.co.uk, its mortgage service tab saw first-time buyers take up 35% of all searches, while interest in remortgage advice fell slightly from 36% to 34%.

The third most popular area was residential, for which 22% of consumers sought independent advice. Buy-to-let advice increased to 17%, up 3% since January 2011.

The search statistics showed that personal retirement planning was the number one advice driver (41%) for people seeking independent financial advice last month.

The figures also showed that 30% of consumers were looking for an IFA specialising in investment and savings advice, while 14% were searching for IFAs offering mortgage advice.

Karen Barrett, chief executive of unbiased.co.uk, said: “Investing and saving for the future is hugely topical at the moment and with increasing reports from industry over the current number of people not saving, it is positive to see an increase in the number of searches for guidance around investment and savings options.”

 

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