Nearly seven in ten of mortgage intermediaries (69%) believe that high street lenders are deliberately restricting business via intermediaries.
London brokers feel particularly aggrieved at 79%.
The finding came from polls of the hundreds of brokers who attended Precise Mortgages’ roadshows which toured the country in a red Routemaster London bus.
The findings also showed that 82% of brokers believe the short-term lending market will grow, driven by continued restrictions on the availability of finance from high street banks.
The growth in the private rental sector will also continue, according to 57%, with Edinburgh brokers being most optimistic at 79%. More than half (56%) said they believe more brokers will start to operate in the sector as a result of the growth.
During the programme of roadshows, brokers were entered into a prize draw for a luxury Harrods hamper and the winners were:
London brokers feel particularly aggrieved at 79%.
The finding came from polls of the hundreds of brokers who attended Precise Mortgages’ roadshows which toured the country in a red Routemaster London bus.
The findings also showed that 82% of brokers believe the short-term lending market will grow, driven by continued restrictions on the availability of finance from high street banks.
The growth in the private rental sector will also continue, according to 57%, with Edinburgh brokers being most optimistic at 79%. More than half (56%) said they believe more brokers will start to operate in the sector as a result of the growth.
During the programme of roadshows, brokers were entered into a prize draw for a luxury Harrods hamper and the winners were:
- Graham Kennedy of Graham Kennedy Mortgages
- Lauren Flockhart of First Mortgages Ltd
- Brian Day of Mortgage Advice Shop
- Steve Lowe of JDS Financial Services
- Keith Ryan of Dunstan Mortgage & Insurance Services
- Keith Jones of Brilliant Money
- Caroline Hughes of Caroline Hughes Mortgage Services
In addition, well over £2,000 was raised for the Broomstick Ball for Cancer Research UK.
Alan Cleary, managing director of Precise Mortgages, said: “We are going to continue to speak out on behalf of the mortgage intermediary, as there is going to be a battle with high street lenders over the next few years for market share.
“Despite the intermediary share of mortgages dropping below 50% for the first time in several years, brokers are still optimistic about the mortgage market in 2012.”
News Source: http://www.introducertoday.co.uk/
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