Mortgages Uncovered

It seems that more mortgage advisers are now able to get access to a greater number of mortgage products say the AMI, Association of Mortgage Intermediaries.’

Recent results from a survey set by the AMI show that brokers who are unable to help clients because lenders are now offering better deals directly to customers is down from 48% to 33% and the downward trend seems to be the same across the market – it is predicted to continue.

Chris Cummings, director general of the AMI, said: “It is extremely positive that brokers are again getting access to the best products. Consumers wish to deal with mortgage intermediaries and record numbers have done so during the course of 2008. It must always be remembered that consumers want help and advice to find the most suitable mortgage for them – they put ‘service’ as the number one reason to use an intermediary not ‘rate’. Intermediaries have a positive future because we provide the service that consumer’s value so highly. We welcomed the intervention of the government in the mortgage market. We now need to see a concerted effort from lenders to kick start the market and ensure the slump we are currently in does not become worse.”

More mortgage information:
Learn more about Access !
Claim Tax Back immediately
new injury claim