Requests for mortgage advice increased by 50% in the first quarter of 2008 as consumers seek to protect themselves against the falling housing market, according to Unbiased.co.uk.
Figures from Unbiased.co.uk's find an IFA search also found growing numbers of people seeking investment advice as markets become more volatile.
Overall, the number of people using the find an IFA service increased by 30,000, or 31%, in the first three months of 2008.
Requests for mortgage advice grew by 50% to almost 30,000 as consumers sought advice on how to finance their home loans, according to Unbiased.co.uk.
Consumers looking for investment advice grew by a third in the first quarter of 2008, with specific products such as ISAs and unit trusts seeing exceptional growth of up to 62%.
David Elms, chief executive of Unbiased.co.uk, says: “Our latest report demonstrates that when economic conditions are unpredictable, consumers seek independent financial advisers as their guides through hazardous markets.”
However, some areas saw a fall in the number of advice requests, including equity release and expatriate services.
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