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FTB enquiries drive advice

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Written by mfuser   
Thursday, 11 February 2010 09:29
Enquiries from first time buyers were the main driver of mortgage advice business during 2009, according to recent research. Four in ten requests for a whole of market mortgage adviser related to getting on to the property ladder, while remortgaging, with an average of 32% of searches, was the second most popular advice category. Residential queries registered 21% of searches, followed by buy-to-let (12%) and equity release (7%). Across the year there was a spike in consumer mortgage enquiries in the first three quarters, when competitive mortgage deals were hard to come by, before a semblance of stability returned in the final quarter as the housing market showed signs of recovery.