First-time buyers seeking advice

It has been reported by unbiased.co.uk that first-time buying was still the major driver for consumers looking for mortgage advice last month.

First-time buyers made up 35 per cent of all searches on the financial website’s mortgage service tab, whereas the popularity of remortgage advice decreased to 34 per cent.

One more popular area was residential, for which About 22 per cent of people were looking for residential advice. Buy-to-let advice is also growing in popularity (17per cent).

According to the website search statistics, personal retirement planning was the top advice driver (41 per cent) for visitors seeking independent financial advice in February.

In addition, the statistics demonstrated that 30 per cent of people were seeking independent investment and savings advice, while 14 per cent needed mortgage advice.

Karen Barrett, of unbiased.co.uk, commented that the rise in the number of searches for investment and savings advice was a good news for the industry.
 


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The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.