Brokers optimistic over mortgage business in Q3

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Advisers are forecasting a 7.2% quarter-on-quarter spike in mortgage business during Q3 2010.

The Paragon Mortgages' Financial Adviser Confidence Tracker (FACT) survey showed UK advisers were optimistic about business growth for the sixth quarter in a row. Nearly a quarter of brokers expect to see over 10% more mortgage business in Q3 than Q2. Just 3% of respondents expect a fall compared to 58% who anticipate a rise in business volumes overall. Nearly four out of 10 brokers expect mortgage activity to remain static. Recruitment could also see a small boost to keep pace with the rising activity. A total of 7% of advisers plan to increase staffing levels during the period, comp...

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