Mortgage industry expects record growth despite rate hikes

On average, brokers predict business will increase by more than six percent over the year, the highest expected rise since 1999, according to research by Paragon Mortgages, a UK but-to-let mortgages provider. Nearly 70% of financial advisers said recent interest rate hikes would have either no effect or a positive effect on their predictions for business levels over the next year. Separate research by Paragon Mortgages shows 43% of buy-to-let investors would take no action as a result of rising rates. However, 28% said they would re-mortgage, while over 12% said they would invest in mor...