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First-time buyer queries dip 3%

Adviser search website says it saw a 3% fall in queries from first-time buyers, dipping from 44% in January to 41% in February.

By contrast, remortgage and residential purchase deals were static over the two months at 35% and 19% respectively.

But equity-release increased from 4% in January to 7% in February and buy-to-let enquiries rose from 11% in January to 13% in February.

David Elms, chief executive of, says: “With interest rates another half point down and lenders continuing to chop and change their rates and criteria, our figures confirm that borrowers recognise theimportance of whole of market advice.

“Mortgage advisers need to be ready to sup-port and inform this steadily ris-ing number of prospective first- time buyers as they research their options ahead of entering the market.”


Tax from financial sector down £28bn, says CEBR

A study by the Centre for Economics and Business Research estimates that the tax taken from the financial service sector for 2009/10 will be only £39bn, down from £67bn in 2006/07.

Exclusive Connections sets up mortgage processing team

Exclusive Connections has set up a special unit at its Peterborough head office, which will provide packaging and other fulfilment services to members who wish to outsource the packaging side of their business.

Sales jump for mortgage protection insurance

Helpucover says it has seen a 69% increase in the rate of sales for its income protection and mortgage payment protection insurance products in the first two months of 2009 compared with the second half of 2008.


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