Broker confidence picks up in Q4
Nearly nine out of 10 (88%) brokers were confident in both the state of the mortgage market as a whole and the intermediary sector, while nearly all brokers (97%) were positive about their own firm’s business.
Ian Wilson, head of Halifax Intermediaries said: “2014 was another important year for the housing market.
“The economic recovery helped boost employment and wages, and this in turn boosted consumer confidence which encouraged greater activity in the mortgage market.
“With an increase in business levels in the intermediary sector, broker confidence in the intermediary market and, crucially, their own business is moving closer to the highs we saw prior to the introduction of MMR regulations in 2014.”
Brokers who felt ‘fairly’ confident rather than ‘very’ confident said this was partly due to current growth projections, as February’s inflation report forecasts a first interest rate rise towards the end of 2015.