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...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.