Con­fi­dence is back, bro­kers re­port

Yorkshire Post - Property - - PROPERTY -

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.”

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