View more on these topics

Broker survey finds confidence high on remortgaging

A new quarterly index from NatWest Intermediary Solutions that rates the confidence of brokers has found intermediaries to currently be most upbeat about the remortgage market.

Despite the fact that the Council of Mortgage Lenders’ latest figures for June this year found remortgaging fell 15 per cent from May, the first results of its Mortgage Intermediary Market Confidence Barometer found confidence surrounding remortgaging remained high.

The Confidence Barometer measures how confident brokers are in six market components and was conducted over the last three months amongst 323 intermediaries.

Brokers were asked to rate each component on a scale from 0-100. A score of over 50 indicates that brokers have a positive view whereas a score of under 50 indicates a negative outlook.

While brokers expressed a degree of confidence for all six components measured, it found that the anticipated demand for remortgaging attracted the most confidence with a score of 64.8.

Brokers were quite confident about the potential for house prices to rise with a score of 57.7 and it appears that their concerns about the availability of lending have eased with Sufficient funding from lenders across all LTVs getting a score of 56.5. 

They also seem comfortable that there is an Adequate supply of properties in your local area with a score of 54.8.

While still in positive territory, the prospects for first-time buyer affordability and homeowners having sufficient equity in their existing properties to move earned the lowest scores with 51.9 for both.

Recommended

Gilmour_Matt_Magellan

60 Seconds with… Matt Gilmour, managing director, Magellan Homeloans

Congratulations on your launch. It is early days but what are your plans for the next 12 months? To prove that the Magellan Homeloans concept is valid in today’s mortgage market. Our launch inevitably generated concerns about a return to the type of lending we saw in pre-credit crunch days, but nothing could be further […]

Iress set to acquire Trigold owner

Australian technology provider Iress is set to acquire Trigold owner Avelo in a £210m deal.  Iress released a statement to the Australian stock market last week confirming that it is looking to buy Avelo, which includes the Exchange portal, following enquiries from Mortgage Strategy’s sister title Money Marketing. Iress, whose wealth management platform Xplan is […]

Q2 housing figures back-up Govt building claims

The latest house building figures for the second quarter of the year back-up Government claims that house building and supply are on the up, with new starts and completions up 6 and 9 per cent.

Newsletter

News and expert analysis straight to your inbox

Sign up