You are here: Home - News -

FCA: Q2 intermediary mortgage share at 67%

by: Mortgage Solutions
  • 01/12/2015
  • 0
FCA: Q2 intermediary mortgage share at 67%
Financial Conduct Authority figures confirm mortgage advisers placed 67% of the mortgage market in Q2 this year, as consumers continue to stretch affordability and borrow higher mortgage sums.

Last month, Legal & General’s director of housing partnerships Stephen Smith said mortgage adviser share could even hit 85% last month as market factors including the Mortgage Market Review aligned to boost the sector.

The latest mortgage sales product data confirmed the proportion of new lending advanced with a loan-to-value (LTV) of between 90 and 95% rose from a share of 6% in Q2 2014 to 9% this year.

Similarly lending volumes with a LTV between 85% and 90% hit a post-2008 peak in Q2 this year.

The latest lifetime mortgage sales data saw a small boost to Q2 in 2014, rising to 23,271 sales or an increase of 3,222 loan on the same period in 2013. However, this is still just 2% of all mortgage sales. These sales are being driven by higher numbers of older borrowers releasing equity from their homes.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
FOS demands lenders extend interest-only deal period

The Financial Ombudsman Service (FOS) has ruled that the terms of two interest-only mortgages must be extended after borrower complaints...

Close