Online remortgage comparison advice is in demand.
Online remortgage comparison advice was in great demand in 2011 according to information produced by unbiased.co.uk. Their research showed a peak in demand for assistance requested by 1st time buyers.
The unbiased.co.uk data showed that demand was highest for 1st time buyers compared to all other areas of mortgage information requested during the first 10 months of 2011. In August first time buyer advice peaked above all other mortgage searches at 41 per cent. A modest increase in the buy-to-let niche was also visible, unbiased.co.uk have said that it was not surprised to see an increase in requests for remortgage comparison advice related to buy-to-let mortgages.
Deal Direct's analysis of the the data shows principally that 2011 was a very busy time for the 1st time buyer market. In 2012 as in 2012 mortgage rates are maintaining low interest rates (on the whole because mortgage rates are linked to the low Bank of England base rate) and this creates excitement in the market. However it is still quite tough for 1st time buyers to get a mortgage and so they are very much turning to mortgage brokers like Deal Direct to help them. Deal Direct offer professional guidance in finding the best mortgage deals which 1st time buyers stand a good chance of being accepted for.
Deal Direct are now beginning to see requests for buy-to-let mortgages building in volume again in the early weeks of 2012.
The demand for online mortgage advice requests fluctuated a great deal in 2011. This was felt to be a reflection of the fluctuation in professional opinion highlighted and sometimes distorted by the press opinion. On the whole opinion seemed inconsisntant in 2011 as many speculated on the volatitility of base rates, inflation and the European debt crisis. This speculation from various interested parties has left many borrowers unclear as to the true state of demand within the mortgage / remortgage market. What is perfectly clear though is that online searching has become the tool of choice for many wanting a remortgage deal as it is convenient to do out of hours and can be done without experiencing lender pressure.
