Mortgage adviser confidence hits new low - L&G

According to the firm’s Adviser Confidence Index for Q2 2008, the proportion of advisers saying mortgage business will be better over the next few months has nearly halved from 60% to 33% since the Q1 report. Mirroring that sentiment, the proportion saying that it will get worse has doubled from 16% to 33%. However, L&G says the upside is that a third of advisers are still predicting better times next quarter. It says the recent announcement the Government is taking steps to inject liquidity into the market, along with other initiatives, is obviously keeping some advisers optimistic. In...