Increased interest in moneysupermarket.com mortgages
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Customers looking for purchase mortgage advice increased by nearly a quarter in May, the biggest rise of the year, according to paaleads.com.
The firm’s research found 24% more consumers looking for advice on moneysupermarket.com than in April.
Remortgage searchers were also up by 19% on the website.
The findings come 10 weeks since the former chancellor, Alistair Darling, announced that stamp duty would be dropped on homes under £250,000.
Dean Jones, head of paaleads.com, says: “To see such a movement in one month is very encouraging from a market perspective, and having seen consumers flock to moneysupermarket.com to compare mortgages, we are now seeing this uplift shift to the advice side.
“That remortgage levels are still relatively low is testament to that fact that there is still some way to go before the market could be said to be ‘on the up’ as a whole, but brokers can take some comfort from the increase in consumers who appear to be taking their first steps on the property ladder. One reason for this uplift may be that consumers are looking to fix their rate before the outcome of emergency budget.”
