Mortgage adviser confidence falls on Q4 prospects

A survey from Legal & General (L&G) finds the majority of mortgage advisers feel less confident about the last three months of 2009 than they did in previous quarters of 2009. Stephen Smith, director of housing at L&G, says confidence had been relatively stable in the first half of this year but has now taken a small dip. He says: "Fewer than half of mortgage advisers that we polled feel that business will get better over the next quarter and 15% now feel it will get worse. "This may be as a result of the lack of lending coming through from banks and building societies. Whatever t...