Brokers see H1 boost in business

Published on

Gary Bailey of Blemain

Brokers saw an improvement in business in the first half of 2013, according to new research from Blemain Group.

84% of those questioned said they had seen an increase compared to the same period last year.

This represents a further improvement from when the survey was last conducted at the start of the year looking back at 2012. Then, 76% of brokers said they had seen an improvement towards the end of 2012.

Blemain said this trend looks set to continue with 81% of respondents from the latest survey saying they were confident their business would grow during the remainder of 2013.

When asked which areas had performed the best in the first half of the year, the top three answers were: buy-to-let mortgages: 62% (compared to 45% for the end of 2012); first charge mortgages: 52% (compared to 40% for the end of 2012) and secured loans: 42% (compared to 39% for the end of 2012).

Gary Bailey (pictured), sales and marketing director at Blemain Group, said: “Our biannual survey shows an increasingly positive picture for brokers nationwide.

“In the first half of this year we’ve seen a lot of encouraging data from leading housing indices and industry commentators – it’s good to see that this optimism isn’t misplaced and is truly translating into improved business for brokers.

“It’s important that brokers are able to capitalise on this resurgence in the market, ensuring they are best placed to offer their customers the products they are looking for. It won’t only be homeowners that need advice and guidance, investors and landlords will also be looking to benefit from improving market conditions and the rental boom.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Gen H named among UK’s fastest-growing tech firms in Deloitte Fast 50

Fintech mortgage lender Gen H has been recognised as one of the UK’s fastest-growing...

The Suffolk reduces fixed rates across expat and buy-to-let ranges

Suffolk Building Society has cut rates by up to 20 basis points across 10...

NatWest launches shared ownership mortgages to widen access to home ownership

NatWest has launched a new range of shared ownership mortgages, designed to make it...

YBS Commercial launches fast-track buy-to-let range

YBS Commercial Mortgages has launched a new “Fast Track” buy-to-let range, offering cheaper rates,...

Perceptions of stress and rigidity deter workers from financial services

More than half of UK adults say they would not consider a career in...

Latest publication

Other news

Gen H named among UK’s fastest-growing tech firms in Deloitte Fast 50

Fintech mortgage lender Gen H has been recognised as one of the UK’s fastest-growing...

The Suffolk reduces fixed rates across expat and buy-to-let ranges

Suffolk Building Society has cut rates by up to 20 basis points across 10...

NatWest launches shared ownership mortgages to widen access to home ownership

NatWest has launched a new range of shared ownership mortgages, designed to make it...