View more on these topics

Gloomy advisers expect to see less business next year

Brokers are becoming increasingly pessimistic about future business levels, research shows.

In Q3 only 38% of brokers said they expected to see more business next year, compared with 58% in Q2 and 62% in Q1.

The research was carried out by Charterhouse Research, which interviewed 300 brokers.

Julie Irwin, director at Charter-house Research, says: “Brokers are working harder to write the same or fewer cases mainly because they are to-ing and fro-ing with lenders. This is why their outlook is less positive.”

The research also shows a modest rise in specialist lending. In Q3, specialist lending made up 20% of a broker’s overall lending, compared with 17% in Q2 and 14% in Q1 2010.

Recommended

THIS MONTH’S DECISION: HOLD

Mortgage Strategy’s shadow Monetary Policy Committee is united in again voting to hold the base rate amid concerns about inflation
and troubles in the Eurozone

Newsletter

News and expert analysis straight to your inbox

Sign up