New figures have shown the number of people seeking advice about home loans has jumped up by 25% in the first half of 2010, according to research by online advice site unbiased.co.uk.
According to the advice website almost 45,000 people searched for professional loans advice by looking for a mortgage broker. The number of people seeking loans advice has soared since 2009, when the figure was just 36,000.
According to the research it was first time buyers who were most in need of advice and the group said that the increase in mortgage enquiries was a good sign that consumers were more confident about the growing mortgage market.
Karen Barrett, the Chief Executive at unbiased.co.uk said: "The mortgage market has undoubtedly had a tough couple of years."
"Over the last six to twelve months however, there has been more and more good news about the mortgage market. We have seen providers re-enter the higher loan to value market, more competitive deals to new and existing borrowers are re-appearing and new providers are entering the market."
The recession caused huge problems in the home loans market, with lenders tightening their lending criteria and reducing the amount that they would loan to consumers, in particular to first time buyers who need to secure a large deposit to get on the property ladder.
The mortgage situation is improving however and competition has returned to the market as banks now reduce the amount needed for a deposit.
Ms. Barrett added: “We believe that the tumultuous period we have been through has led to more people seeking expert advice on their mortgages rather than going it alone.”
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