Brokers predict increased mortgage business

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Brokers are expecting an upturn in mortgage business in the third quarter of 2009, research from Paragon Mortgages reveals.

Paragon's Financial Advisor Confidence Tracking Index, a quarterly survey of financial advisers, found brokers expect to do 8% more mortgage business in the three months to the end of September than in the second quarter. This is the second quarter in a row brokers have predicted an increase in mortgage business and follows a negative 2008 when the intermediary market, on average, predicted contracting levels of business. Overall, 58% of respondents predicted an increase in mortgage business, with nearly a third (31%) expecting to see a 10% or more uplift in business. Only 7% of br...

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