Confidence is back, brokers report
Mortgage brokers expect to conduct 6.7 per cent more business in the second quarter of 2010 than they did in the first, displaying further signs of returning confidence.
According to Paragon Mortgages’ Financial Adviser Confidence Tracker, a panelbased survey of mortgage brokers, this is the fifth consecutive quarter that brokers have predicted increased business levels.
Paragon Mortgages’ managing director John Heron says: “Mortgage brokers have endured a tough time since the start of the credit crunch, but confidence has returned in recent months. This return of confidence has coincided with increased activity in the housing market, although the market is still very fragile.”