Brokers predict more business in Q2

Mortgage brokers expect to conduct 6.7% more business in Q2 2010 than they did in Q1 – a further sign of returning confidence in the sector, says Paragon Mortgages.

According to Paragon Mortgages’ Financial Adviser Confidence Tracker, a panel-based survey of advisers, this is the fifth consecutive quarter that brokers have predicted higher business levels.

But the rate of expected growth is slower than the previous quarter, when brokers predicted a 7.1% increase in business.

John Heron, managing director of Paragon Mortgages, says: “The level of business for intermediaries will be influenced by the number of mortgage products available and we have seen a large increase in these since the start of 2010. This can only benefit consumers and the broker market.”