|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    24th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Mortgage News feed Mortgage News

All Financial News feed All Financial News




Mortgage brokers see 51% rise in loan availability

Bookmark and Share

by Gill Montia
”Mortgage

The number of home loans accessible by mortgages brokers has increased 51%, to 4,665, since this time last year.

However, April saw a 4% drop in products available, compared with March, according to sourcing software specialist, Mortgage Brain.

The choice of tracker deals took an 11% dive to 1,441, and the availability of fixed-rate loans declined slightly to 2,840, whereas intermediaries saw the number of variable loans at their fingertips increase 4%, to 384.

Mortgage Brain says that fluctuations of this nature must be expected in the current economic environment, and points to the year-on-year improvement as a better indicator of trend.

Mortgage brokers are feeling generally upbeat about 2010 according to recent research by Platform, which is part of Co-operative Financial Services.

Sixty-six per cent of participants in the lender’s latest Intermediary Outlook Survey were positive, although 39% of those questioned expected dual pricing (where lenders offer their most competitive rates direct to borrowers) to continue to be a major challenge in the intermediary market.

Discuss this in the Finance Markets forums

Story link: Mortgage brokers see 51% rise in loan availability



News posted: April 7, 2010

Financial Services:





Related financial stories to: Mortgage brokers see 51% rise in loan availability:
Previous: «
Next: »

Visited 2978 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: ,