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

PropTech silos prolong mortgage journey, Houzecheck warns

Disconnected property technology is creating new data silos instead of delivering faster mortgage and...

Swansea BS completes £25k charity fund with YMCA Cardiff donation

Swansea Building Society has completed an anniversary charity fund with a £3,000 donation to...

AI doesn’t remove bias. It gives us the chance to manage it

One of the great promises of artificial intelligence has always been objectivity. Machines, unlike...

No mandate for automatic cohabitation rights, Deech warns

Proposals giving cohabiting couples automatic rights over homes, pensions and other assets lack clear...

Bristol tops 2026 Japanese knotweed hotspots

Bristol has retained its position as England’s Japanese knotweed capital, recording more than twice...

Latest publication

Other news

PropTech silos prolong mortgage journey, Houzecheck warns

Disconnected property technology is creating new data silos instead of delivering faster mortgage and...

Advisers need an answer for evolving landlords

It’s a tough time to be a landlord. The succession of changes to tax...

Swansea BS completes £25k charity fund with YMCA Cardiff donation

Swansea Building Society has completed an anniversary charity fund with a £3,000 donation to...