Mortgage Brokers’ market share is now at its highest ever level, with adviser-introduced loans accounting for 69 per cent of new mortgages in 2015 year to date, and it’s rising!

The figures look very different to 2009, when brokers had a market share of 46%, their lowest-ever market share.

Personally, I think the length of time it takes to see a Mortgage Adviser in a bank (in some cases there is a 4 week wait!), plus the fact it is now more difficult to get a mortgage are the key factors in the increase. All the mis-selling that the banks have been caught out on does nothing to give customers any reason to believe they are going to get the right advice from their bank.

Add to this the fact that customers situations are now much more complicated, and often by the time they do get to see a Bank Mortgage Adviser, they find that they simply don’t fit to that particular lender’s criteria.

More people are now self-employed, divorced, contracting or working in the UK on a foreign VISA. More people than ever seem to have some sort of adverse credit, or no credit.

It is no longer unusual for people moving up market to want to hang on to their existing property as an investment (known as “let to buy”).

If you take 2 or 3 of these factors along to the ABC Building Society you are likely to be turned away. Anyone trying to do it on their own will generally come up against too many barriers.

A good mortgage broker is likely to have knowledge of the whole market and can more easily find a lender to suit a particular clients circumstances. For the time being, it looks like their market share will continue to grow.

For more information or to get your mortgage application started contact our advisers on 01628 507477.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk

Call: 01628 507477