Legal & General’s Adviser Confidence Index Q3 2009 has reported that the average broker expects house purchase mortgages to represent 43% of their overall mortgage business, the highest figure that L&G has recorded.

However, remortgaging is still subdued, with activity dominated by the lower end of the LTV curve.

49% of advisers expect their protection business to get better over the next quarter, but this is down from 56% last quarter. 41% of advisers expect sales to be flat over the next three months 10% expect them to get worse.

43% of advisers expect business to get better over the next quarter – lower than the previous two quarters. 42% of advisers expect sales to be flat over the next three months 15% expect them to get worse.

Stephen Smith, Legal & General’s director of housing said: “Confidence had been relatively stable in the first half of this year but has now taken a small dip. Fewer than half of mortgage advisers that we polled feel that business will get better over the next quarter and 15% now feel it will get worse. This may be as a result of the lack lending (at reasonable rates and realistic loan-to-values) coming through from banks and building societies despite the Bank of England’s continued programme of quantitative easing. Whatever the case