Mortgage brokers would like to see greater product innovation in the first-time buyer and equity release sectors, according to the latest by IFAonline sister title Mortgage Solutions poll.
Mortgage Solutions asked brokers which areas of the market most needed new products. The poll found that 29% of respondents thought first-time buyers were still underserved, despite government schemes such as Help to Buy and NewBuy being targetted at this sector. Equity release was the next most popular option with 27% wishing to see more products on the market. Around a quarter (25%) of voters said that buy-to-let needed product innovation most. Protection, remortgage and house purchase all attracted fewer than 10% of the votes cast. Results First-time buyer 29% Equity relea...
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