Brokers used more for advice and consultancy

UK mortgage brokers are reporting that they're increasingly being approached for consultancy and advice by consumers worried about the UK economy.

Research from Alliance and Leicester has shown that over three quarters of brokers believe that their role is becoming more about advice, rather than just finding the best deals.

Director of mortgages at Alliance & Leicester, Raj Uppal commented, "Borrowers are becoming increasingly aware of the importance of making the right mortgage choice and that they can take advantage of brokers' wealth of knowledge to ensure this."