Broker searches ‘overhauled’ in February: Knowledge Bank … – Mortgage Strategy
Broker searches saw a “significant overhaul” in February, as the market underwent a raft of product and rate changes amid the backdrop of the cost-of-living crisis, data from Knowledge Bank shows.
The criteria search engine says in the residential category the enquiry for ‘maximum age at the end of the term’ held onto the most searched spot, but this section’s top five places saw a great deal of change.
It adds that ‘time in current employment’ rose three places to take the second residential spot and the ‘maximum age for employed income’ entered the top five for the first time relegating the search for ‘missed or late payments’ to fifth place.
Enquiries in the equity release sector saw searches for ‘ex-local authority houses’ as the most popular criteria for the first time.
The most popular search in the second charge category remained ‘maximum loan to value’. But entering the top five for the first time in second place was the search for the ‘maximum age at application’, which…
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source: https://news.oneseocompany.com/2023/03/08/broker-searches-overhauled-in-february-knowledge-bank-mortgage-strategy_2023030841643.html
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