The deep search criteria engine for mortgage advisers, clubs and networks revealed that the most searched for queries in the residential category was age limits.
This backs up evidence of the increasing number of cases where older borrowers are looking to seek funding either to raise capital or for new purchases.
- Knowledge Bank provides personalised evidence of criteria research
- Criteria Hub provides lenders with product feedback
- Criteria Hub to offer brokers free-to-use version
The top three residential mortgage searches:
- age limits
- defaults
- interest only
The top three buy-to-let mortgage searches:
- minimum income requirement
- expat buy-to-let
- first-time buyers
Jason Hegarty, director of Criteria Hub, said: “We are aiming to publish our data on a regular basis because it does illustrate the kind of cases that advisers are working on and the queries to which they need answers.
“Simple criteria like maximum age limits for residential mortgages and minimum income requirements for BTL cases might not seem important, but the volume of enquiries about the same topic allow us to create a bigger picture of the areas where advisers are seeing the most demand.”
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