The mortgage broker market has bottomed out and will see the intermediary market continue to grow in 2013, according to the Association of Mortgage Intermediaries (AMI).
Figures from the Financial Services Authority (FSA) said that the number of authorised mortgage firms remained flat over 2012, after falling from 3,553 in January 2006 to 1,394 in March 2012. The number of directly authorised firms holding permissions for mortgages is now on the rise. The number of firms has risen to 5,055 after increases in the last two quarters. However, the market still remains well below the peak of 7,174 recorded in December 2007. Robert Sinclair, chief executive of AMI, said that he felt the intermediary market was starting to grow once again. "It really look...
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