The network has reported that the value of completed mortgages during October matched the level seen October last year.
Gemma Harle, managing director of Mortgage Next, says: “Mortgage Next has made a major gain in market share.
“But we have also experienced a significant shift in the mix of our business, with declines in the volumes of higher margin niche and sub-prime mortgages being placed. This means that our focus continues to be on controlling costs whilst at the same time ensuring we provide brokers with a reliable service.”
She adds: “Clearly 2009 is going to be a difficult year for everyone in the UK mortgage market but I believe Mortgage Next is well positioned to take advantage of those market opportunities which present themselves.”