Intermediaries expect mortgage business levels to have strengthened in Q4, according to Paragon Mortgages' Financial Adviser Confidence Tracker (FACT) Index.
The panel-based survey of mortgage brokers found advisers expect to do 6.7% more business in Q4 than Q3. This is the third 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, 55% of brokers expect to see an increase in business in the three months to the end of the year, with 37% expecting business levels to remain stagnant during the period. Just 8% of respondents expect falling business levels. Of business conducted in the third quarter, ...
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