Advisers optimistic says L&G
However there was a slight drop in confidence in protection sales, with 47% of brokers saying protection sales would improve in the first quarter of the year, down from the 56% of advisers who said this when surveyed in September 2010.
When asked to estimate future mortgage business mixes, 52% of advisers said they expected to do more purchase than remortgage business in Q1 2011.
Stephen Smith, director of housing and external affairs at Legal & General, said: “Interest rates were held again by the Monetary Policy Committee and we believe this is set to continue for at least the first half of 2011, if not longer. The view of a stable outlook for interest rates seems shared by advisers.”