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Intermediaries&#39 confidence in industry grows

The One account&#39s Mortgage Outlook Index shows that intermediary confidence is improving in three key areas: lenders&#39 service levels, mortgage regulation and business prospects for the year ahead, writes Helen McCormick.

The research was carried out by NOP in December 2002 and covers from September to November 2002. It found that 74% of mortgage intermediaries believe service from lenders was good over the past quarter, an improvement of 11% on the previous quarter.

An encouraging 63% believe mortgage regulation will improve the prospects of the business they work for, up from 57%. Two-thirds (65%) agree that mortgage sales leads are higher than this time last year, showing the continued buoyancy of the UK mortgage market, while 79% either agreed or agreed strongly that they were positive about future mortgage sales opportunities over the next year.

The level of mortgage business actually written decreased by 9% on the previous quarter but had still increased for 59% of mortgage intermediaries.


Lords help us, please

Advisers are being urged to air their grievances about mortgage regulation to the House of Lords. The House of Lords&#39 Constitutional Committee is currently reviewing the constitutional implications of the government&#39s regulatory activities, including that of the FSA. Though the Committee is seeking responses from the public on questions of accountability, legal foundation and transparency […]

Pink launches new Bristol & West fixed rate deal

Pink Home Loans has joined forces with Bristol & West Mortgages to launch an exclusive five-year fixed rate. The product offers a rate of 4.59%, fixed for five years, and is available up to 95% LTV, with the MIG paid by Bristol & West. Tony Jones, managing director at Pink Home Loans, says: “This product […]

Genesis polishes up Gemstones range

The Gemstones sub-prime range from correspondent lender Genesis Home Loans has been revamped for the new year. Changes have been made across the range, with improvements to the loadings above SVR, increases in the level of CCJs and arrears, and shortened timescales in which these are allowed by the lender. In addition, the discount rate […]

MCCB too soft on unqualified advisers

Seven out of 10 mortgage advisers believe the MCCB is not doing enough to clamp down on unqualified brokers, a straw poll conducted by Mortgage Strategy reveals. Some 51,000 individuals were qualified to give mortgage advice after the MCCB&#39s December 2002 deadline. But many of those who invested their time and money in preparing themselves […]

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