30
Jun
Mortgage advisers 'think business will get better'
A significant number of mortgage advisers think the property market
will improve over the next three months with more people taking out
loans, an expert has suggested.
Yesterday (June 29th), the Legal and General (L&G) Adviser
Confidence Index for quarter two of 2010 revealed that advisers
expect house purchase mortgages to represent 51 per cent of their
sales during the next quarter.
Director of housing at the financial services company Stephen Smith
said: "Around a third of mortgage advisers think that business will
be better over the next three months."
He also stated that 14 per cent of advisers expected there to be an
interest rate rise in the coming months, which could have an effect
on the number of people taking out mortgages.
Earlier this week, the Council of Mortgage Lenders (CML) suggested
that if its members worked more closely with the Financial Services
Authority (FSA), the property market would get better as levels of
consumer trust would improve among homebuyers. 