Intermediary lenders are expecting business volumes from high risk lending, such as self certification and sub-prime mortgages, to ease slightly in the coming months, according to the Intermediary Mortgage Lenders Association.
The latest IMLA members survey also found most lenders expect mainstream and buy-to-let mortgage volumes to continue to grow. Respondents to the survey say they expect self-cert volumes to fall by an average of 2% during the next three months and also expect light, medium and heavy adverse business volumes to fall by 1% or more. However, lenders believe mainstream lending will grow by around 2.5% and buy-to-let business is expected to increase 3.6% during the next quarter. Overall, intermediary lenders expect business volume to grow 2% by the end of 2007 and a further 2.8% in 2008, accor...
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