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25,000 consumers choose IFA for mortgage advice

Over 25,000 consumers choose independent financial advice for their mortgage advice, says unbiased.co.uk.

A report revealed over 120,000 requests for an IFA were made to unbiased.co.uk in Q4 of 2006.

Record numbers of consumers choose independent financial advice to plan for retirement and demand for independent retirement planning advice increased every month from October, with nearly one third of consumers searching for an IFA to help plan their retirement income.

This data reveals that the proportion of consumer enquiries requesting advice on personal retirement planning increased in every month of the last quarter of 2006, to a high of 31% in December.

Personal retirement planning saw 36,764 requests, while investment and savings came in second with 27,737 requests.

Mortgage advice came in third with 25,390 requests.

David Elms, chief executive of unbiased.co.uk, says: Our figures confirm that independent financial advice is continuing to rise in popularity with consumers.

“With the debate on provision for income in retirement intensifying, it is most reassuring to know that more and more consumers are ensuring they get the best possible advice by going to see an IFA.

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