Mortgage advisers predict a bumper Q2 as sentiment is buoyed by rising house prices, new lending and improving consumer confidence, research suggests.
More than half (54%) of the brokers polled by Legal & General (L&G) said they expected increased business levels in the three months from 1 April.
Remortgages will cater for 34% of their total mortgage business next quarter, advisers expect, up from 32% in Q1.
The average for house purchase business for the same period is forecast to be 49%, almost exactly the same as last quarter.
"Only the most pessimistic of commentators can now ignore all the promising signs coming out of the mortgage market," L&G housing director Stephen Smith says.
"We genuinely seemed to have turned a corner now and I fully expect the worst to be behind us.
"We believe that mortgage volumes in general are set to grow this year, as will house prices, housing transactions, the volume of mortgage products available - the list goes on."
| Share | |
| Comment | Mortgage advisers predict business upturn |
More mortgages news
Email alerts
Recommended reading
Categories
Topics
Comments
Related articles
Most Read
Audio / Visual
With the industry's biggest fund managers, IFAonline welcomes you to the media centre.
This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.
Events
Poll
|
|
Job search
Ifaonlinejobs will open the right investment career path for you. Search hundreds of vacancies on www.ifaonlinejobs.co.uk now
In Focus
What is absolute return investing?
Viewpoints
At the start of one of busiest times of year it is easy to think about all the obvious things...
sponsored by
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment