Q1 2010 business better than 2009, brokers say

Published on

63% of mortgage brokers expect to do more mortgage business in the second half of 2010 than the first, according to latest research from NatWest Intermediary Solutions. By contrast, 15% were pessimistic about the prospects for later in the year.

56% of brokers had written more mortgage business in the first few months of 2010 than they had in 2009. 28% had written less.

The poll, which was conducted amongst brokers who attended the lender’s Forum event last week at the O2 in London, also found that short term (three years or less) fixed rate mortgages were predicted to be the biggest sellers in the second half of the year by 41% with long term (five years or more) fixed rate deals favoured by 30%. Only 20% of brokers thought that tracker deals would be the best sellers.

Graham Felstead, head of intermediary channel, NatWest Intermediary Solutions said: “It was really encouraging to hear first-hand how positive intermediaries are feeling about business now and for the rest of the year. It was particularly rewarding to speak to so many mortgage advisers about the issues they are currently grappling with and to hear how through determination and creativity they had not only survived the last two years’ challenging conditions but managed to thrive despite them.

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

Later life lending must become ‘mainstream priority’, following FCA reform speech

Will Hale, chief executive of Key Advice & Air, has urged the mortgage industry...

FRP expands with acquisition of Arc & Co

FRP has strengthened its presence in the real-estate finance market with the acquisition of...

Metro Bank cuts rates and returns to 80% buy-to-let lending

Metro Bank has made further cuts across its residential, near-prime and buy-to-let product ranges,...

Conveybuddy appoints new business development executive

Conveyancing distributor conveybuddy has appointed Connor Nixon as its new business development executive, strengthening...

Masthaven joins TRM panel to widen access to bridging finance

The Right Mortgage & Protection Network has added Masthaven Finance to its lender panel,...

Latest publication

Other news

Later life lending must become ‘mainstream priority’, following FCA reform speech

Will Hale, chief executive of Key Advice & Air, has urged the mortgage industry...

FRP expands with acquisition of Arc & Co

FRP has strengthened its presence in the real-estate finance market with the acquisition of...

Metro Bank cuts rates and returns to 80% buy-to-let lending

Metro Bank has made further cuts across its residential, near-prime and buy-to-let product ranges,...