Good mortgage advice 'more important than ever'

Obtaining good advice is vital for those looking to secure themselves a mortgage deal, particularly in the current turbulent financial climate.

That is according to the director of the Association of Mortgage Intermediaries (AMI), who said that, with the impact of the credit crunch continuing to take effect in the UK, the mortgage market is becoming increasingly tough.

Richard Farr was commenting on recent figures from the Council of Mortgage Lenders (CML), which revealed that the number of first-time buyers using mortgage intermediaries increased by ten per cent between the first quarters of 2007 and 2008.

He noted: "Mortgage intermediaries are playing a vital role in the current market place as first-time buyers struggle to find a mortgage deal.

"The CML figures demonstrate the demand for advice from consumers, and the ability of intermediaries to find a good deal even during difficult times."

Mortgages News posted on 16/05/2008 13:06:45