Differing intermediary opinions on 2010

Published on

Platform has reported that the majority of intermediaries are optimistic about the year ahead, while the Association of Mortgage Intermediaries (AMI) expects the recovery in the housing market to slow in 2010.

In its first ever Intermediary Outlook Survey, Platform says 66% of intermediaries believe that business will be better this year, in comparison to 2009, buoyed by the general belief (74%) of the sector that house prices will rise by up to 5% in 2010.

Also 74% believe that interest rates will rise by a maximum of 0.5 percentage points to 1% by the end of the year.

This contrasts with the views of AMI, which in its first quarterly economic bulletin of 2010, paints a more pessimistic picture.

Robert Sinclair, director of AMI said: “Although the recovery is now underway

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

SortRefer posts record-breaking July as broker demand surges

SortRefer, the Derby-based conveyancing and legal services platform, has reported its strongest month on...

Mortgage lenders under fire as rates lag behind interest rate cuts

Mortgage holders are paying over £1,000 a year more than they should be, according...

Average English homebuyer to gain £41k in borrowing power

Homebuyers across England are set to benefit from a substantial increase in purchasing power,...

Somo revives summer offer with valuation discounts and free beer for brokers

Specialist lender Somo has announced the return of its August promotion, offering 90% off...

Property and finance sectors dominate shortlist for 2025 Social Mobility Awards

Firms from the property and financial services sectors have secured a prominent place on...

Latest publication

Latest opinions

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Other news

SortRefer posts record-breaking July as broker demand surges

SortRefer, the Derby-based conveyancing and legal services platform, has reported its strongest month on...

Mortgage lenders under fire as rates lag behind interest rate cuts

Mortgage holders are paying over £1,000 a year more than they should be, according...

Average English homebuyer to gain £41k in borrowing power

Homebuyers across England are set to benefit from a substantial increase in purchasing power,...