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Sun is shining on remortgage sector


For many people the importance of brokers has thankfully not diminished.

Despite all the trials and tribulations, the reduction in lending and firms being forced from the marketplace, advisers still play a leading role in the eyes of the majority of consumers.

Figures from the Council of Mortgage Lenders show brokers accounted for 63% of first-time buyer mortgages, 60% of remortgage loans and 53% of home mover loans in Q1 2011.

This compares with 63%, 56% and 52% of first-time buyer, remortgage and home mover loans respectively in Q4 2010.

Based on value, remortgaging via intermediaries rose to 63% in Q1 2011 versus 59% in Q4 2010, home mover lending remained stagnant at 54% and first-time buyer value dropped slightly to 60% versus 62% in Q4 2010.

It’s no surprise remortgaging has seen the greatest statistical rise as it continues to be the backbone of the market. But more can be done.

As many broker firms have been driven from the market, for surviving firms there are thousands of potential clients who will be in need of remortgage advice.

This summer is all about encouraging borrowers to reduce their mortgage repayments in readiness for predicted base rate rises.

So the over-riding message to intermediaries is to make hay while the remortgage sun shines.



Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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