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 c...
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