Mortgage Advisor
WEST MIDLANDS : £40000
Mortgage Advisor
SUFFOLK : £40000
House price search
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
RSS Feed
Daily news
Brokers still searching for sub-prime deals
8 May, 2008
A recent survey compiled by the BDS Mortgage Group has revealed that despite current market conditions, sub-prime deals remain firmly on brokers' agendas with 40% reporting that it accounts for 10-30% of business volumes.
25% of those surveyed reported that the sub-prime market accounted for less than 10% of business volumes while 15% stated that it accounted for 30-50% and 10% said it accounted for 50-75% and 75% plus of their business volumes respectively. The survey also showed that more than a third of brokers highlighted that receiving more advice on obtaining and maximising opportunities from mortgage leads would lead to increased business and cross sales income.
Bob Hope, sales & marketing director at BDS, said there was no hiding from the fact that the choice and volume of sub-prime deals had greatly reduced. He commented: “However this survey shows that there is continued demand and an increasing number of brokers are still using packagers in this sector.”
Bookmark with:
