Homebuyers look to advisers

Figures showing that homebuyers continue to place their trust with advisers when choosing a mortgage deal have been welcomed by the Investment management Association (IMA). Data from the FSA and Council of Mortgage lenders show that mortgage lending via intermediaries accounted for 62% of total mortgage lending in the first three months of the year, both by volume and value. The IMA said the figures 'highlight the value that homebuyers and remortgagers continue to place on the expertise and service levels offered by the mortgage broker community.' First time buyers looked to brokers most frequently, with 71% of first time buyer loans being arranged by intermediaries in Q1