Thursday, Oct 22, 2009

Confidence returning ?

FTAdvisor: First-time buyer mortgage enquiries hit peak levels

The IFA promotion website's latest Mortgage Advice Drivers report shows requests for advice on first-time buyer mortgages increased to an all time high of 51 per cent in September, making it the most searched for advice criteria.
The second most searched for criteria was re-mortgage advice, which also increased to 34 per cent from 29 per cent in August.
Meanwhile, buy-to-let mortgages also reached an all time high, with 17 per cent of all enquiries now seeking advice in this area in September.

Posted by debtfree @ 03:33 PM (681 views)
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2 Comments

1. fallingbuzzard said...

I'm a little bit skeptical. The site is extremely popular with the 45-65 age group and the top two search terms on Google are "independent financial advice" and "equity release". Doesn't even pay Google to have "first time buyer" directing to their site.

Friday, October 23, 2009 12:01AM Report Comment
 

2. kruador said...

It may be a higher proportion, but that doesn't mean that the actual number of requests has increased. They are also double-counting - the numbers do NOT sum to 100%. See http://www.unbiased.co.uk/find-a-mortgage-adviser/media/research/-/page/top-10-advice-needs/ for the raw data. I note that the amount of double-counting (multiple search terms?) has been increasing: last September's figures summed to 133% while this month's sum to 167%, or a 25% increase.

Basically these figures are completely worthless.

The FT article is clearly a reprint of the 'unbiased' press release.

Friday, October 23, 2009 02:12PM Report Comment
 

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