Confidence appears to be returning to the mortgage intermediary market, with brokers stating they expect to do more mortgage business for the first time in over a year, research by Paragon Mortgages has shown.
On average, advisers said they expected to do 3.6% more business in the second quarter of 2009 than they did in the first quarter of the year. This is the first predicted increase in business levels since the third quarter of 2007. Nearly a quarter (22%) of respondents to Paragon's Fact research, a panel survey of mortgage intermediaries, said they expected to see a 10% increase in business, with 14% predicting a rise of between 6% and 10%. Over a third of respondents (34%) expected their business levels to remain unchanged. After a period of consolidation in the intermediary market, br...
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