Most first-time buyers are not getting professional advice when entering the property market .
70% of first-time buyers consider independent mortgage advice as important, with 20% going to an independent financial adviser prior to buying, IFA Promotion data reveals.
Twice as many home-owners go to independent financial advisers when remortgaging.
First-time buyers tend to concentrate on securing their first home rather than the best value home loan they can get unlike more experienced homeowners.
18% of those wanting to get onto the property ladder for the first time visit an IFA, with 43% visiting a building society or a bank .
64% consider it important to receive independent financial advice when seeking mortgage protection or investment products relating to a mortgage, as is the case for 80% of mortgages.
People on the property ladder are more likely to get advice, with 30% consulting an IFA when re-mortgaging, so IFA Promotion figures show.
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First Time Buyers Not Taking Heed of Mortgage Advice Tue, 21 Feb 2006
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