Broker business reaches post-2008 high
Brokers reported completing 88 business cases per year in the second quarter of 2015, a 14% increase from the first quarter.
The tracker also found that intermediaries were overwhelmingly positive about the outlook for the intermediary sector (99%) and the mortgage market (98%).
Ian Wilson, head of sales at Halifax Intermediaries, said: “With Council of Mortgage Lenders figures for Q2 showing an increase in mortgage activity, brokers have reported the amount of business they’re writing has also risen.
“In the post-MMR world, we’re seeing there is now more demand from borrowers for help and advice from intermediaries.
“It’s now up to lenders to support the increased demand for mortgages by stepping up to provide the levels of service required by brokers.”