Intermediaries dominate mortgage lending

Figures released by the CML show mortgage lending via intermediaries, by value, accounted for 64% of total mortgage lending in the first quarter of 2009. This was approximately the same proportion as the second half of 2008. The figures show that 70% of first-time buyer loans, by volume, came through intermediaries in the Q1 2009, up from 68% in the previous quarter, while home mover loans increased from 56% to 58% over the same period. The evidence suggests homebuyers and remortgagers continue to value the expertise and service levels offered by the mortgage broker community. Pete...