After a review by the Alliance and Leicester they have found that over three quarters of mortgage brokers see their role as more advisory than ever before, feeling also that this will become even more so for the rest of the year.
The concensus of opinion from the brokers is that a lack of confidence in the housing market is the main reason for customers seeking advice. Alliance and Leicester mortgage customers are grateful for brokers advice on this and also views on the economy generally, the second key area where brokers are finding requesting for information and advice.
The director of Alliance and Leicester mortgages explained that choosing the right mortgage for the economic conditions is vitally important now so being able to ask the advice of experts is a great benefit for customers.
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As part of the Mortgage Club Legal and General has added a conveyancing service for customers, something they feel is an essential part of the whole mortgage process.
The view of the Legal and General mortgage spokesman is that effective and efficient conveyancing can make or break the house moving process. If the conveyancing is not done at a good pace then there is a greater likelihood that the deal can fall through, meaning the whole process of finding a property has to begin again.
Legal and General are using the skills and knowledge of intermediaries to manage the conveyancing process, since these financial advisors and legal experts have the experience and knowledge to get all the work done to customers satisfaction.
The Nationwide Building Society has been looking at the state of the property market with specific regard to flats, which make up around 16 percent of the total UK housing stock.
It found that the average size of a flat is 750 square feet, which is around half the size of the average detached house. They are also much cheaper than a detached house, with the UK average price for a flat standing at approximately GBP136,600. This is, says the Nationwide Building Society, around 25 percent less than the average for all properties combined and so makes it a little easier for first time buyers to get a mortgage for.
Although new build properties are often seen as being smaller than their older counterparts this is not the case with flats. Those built during the 40’s and 50’s tend to be the smallest according to the Nationwide Building Society figures, with new build flats being nearly 10 percent bigger.
,p>Get a great first time buyers Nationwide Building Society mortgage quote and get on the property ladder with a flat.
