Search
Brokers urged to target borrowers who are not getting needs met by high street lenders Featured
Written by AdministratorMortgage brokers are being asked to target borrowers who are not getting their needs met by high street lenders.
The research by YouGov, commissioned by Legal and General Mortgage Club and the Association of Mortgage Intermediaries, questioned 2,113 current borrowers.
The figures found that while 81 per cent of borrowers would rather make one attempt at securing a mortgage than go through the high street, only 44 per cent planned on visiting a broker during their attempts to secure a mortgage.
The study also shows that around 3.4million of the 11.3million mortgage holders in the UK plan to secure a new mortgage over the next twelve months, with 1.3million wanting to buy a house and 1.6million looking to refinance their original deal.
Ben Thompson, managing director of L&G Mortgage Club said: "At present, more than half of borrowers say they would apply for a mortgage directly with a high street lender, with the majority doing so purely because they have an existing relationship with one rather than because they knew they offered the most appropraite deals."

