Mortgage News
Sesame Bankhall: Intermediary outlook brightening
Mortgage intermediaries continue to represent a good source of volume and quality business for lenders, so the changing lending mix is likely to favour brokers in 2011, said John Cupis, managing director, PMS.
Building Societies have shown a greater willingness to lend and with specialist lenders coming into the market, mortgae providers are currently split into two camps, he said.
“I feel very positive about this year,” he said, adding there were still plenty of opportunities despite flat lending predictions speaking during the Sesame Bankhall virtual SBG Adviser Programme.
“Exclusive products have had a quiet time over the last two years as lenders have tried to rein in balance sheet lending. But we’ve seen a sea-change over the last few months with green shoots including 90% LTV products,” he said.
On interest rates, he expects a rate hold “for a bit longer” with a rise more likely to come towards the end of the year.
