Confidence remains high among advisers who are enjoying record levels of business, according to Paragon Mortgages’ Financial Adviser Confidence Tracking (FACT) Index.
The index has shown the level of business arranged by advisers is up 11% on last year and 23% on 2000 ‘ an indication that consumers still rely on intermediaries for mortgage advice.
John Heron, managing director of Paragon Mortgages, said: ‘It has been interesting to watch the trend towards more business being placed through financial advisers since 2000. This suggests a confident public that likes to take full advantage of professional advice.’
Heron added: ‘The Paragon FACT Index shows us evidence of a sensible but optimistic mortgage market, with consumers going out of their way to take advice.’
The index has also shown that adviser confidence is up on previous years and there is an increasing number of existing buy-to-let landlords.