Remortgaging tops broker business

Research carried out for Mortgage Strategy reveals the importance of remortgaging to brokers.

In a poll conducted by Alliance & Leicester in February, 105 brokers were quizzed on how their completed mortgage cases break down.

On average, brokers say remortgages make up 58% of their business, with buy-to-let and first-time buyer mortgages lagging at 20% and 18% respectively.

Brokers in the Midlands are completing the highest proportion of first-time buyer mortgages at 19%.

Richard Taylor, head of mortgage products at A&L, says: “Brokers will play an important role in the coming year, advising clients about their remortgaging options.”

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