After a year of improving confidence, the intermediary sector has now grown more pessimistic and thinks lenders are less keen to lend than at the beginning of the year.
More than half are concerned lenders are bypassing the intermediary sector to offer consumers products direct through their branches. Intermediary lender Platform's broker survey shows while confidence steadily increased this year, there was a sharp fall between quarter two and three. Falling remortgage business and the loss of products for the self-employed since the publication of the Mortgage Market Review proposals also continue to dent confidence. As brokers represent the majority of the overall mortgage market, Platform said it believes the sector's views provide a solid in...
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