The number of borrowers involving intermediaries, in their search for mortgages, has been seen to be on the increase, according to a financial website.
Darren Cook, mortgage expert at eMoneyfacts.co.uk, commented in this increase, he said: “With continuing uncertainty in the mortgage market and the total number of products continuing to decline, many more people will be considering approaching an intermediary to find them the best mortgage deal for their circumstances. However, many intermediaries are finding that their choice of products to recommend to clients has been increasingly restricted as more lenders move to offer their most competitive products just for direct only business.
“Just 49 per cent of deals on the market today are exclusive to intermediaries, whilst 23 per cent are available through both intermediaries and direct business. Although intermediaries have 72 per cent of the market to advise on, it's the deals that are available direct from lenders which are the most competitive.
