Mortgage advisers increasing market share - CML

The news comes despite concerns that consumers are turning to bank and building society branches due to dual pricing practices. According to the CML’s figures, the proportion of first time buyers using mortgage intermediaries reached 82.5% in the first quarter of 2008, up from 72.8% in the same period last year. The number of intermediaries referring remortgage advice also grew, with 79.1% of remortgage business coming from intermediaries in the first quarter of 2008, up from 68.2% in Q1 2007. Richard Farr, director of the Association of Mortgage Intermediaries, says: “"Mortgage intermed...