Mortgage News
Most brokers place 50-100 mortgage cases a year – Poll
The majority of mortgage brokers placed between 50 and 100 mortgage cases in the past year, according to the latest Mortgage Solutions People’s Poll.
Recent research by BDRC Continental suggested the average mortgage broker had completed 73 cases in the past 12 months.
Our poll asked brokers how many deals they had completed in the past year with the majority of respondents (54%) indicating they had completed between 50 and 100 mortgage cases in that time.
The level of brokers placing 100-150 cases was 14%, with an additional 4% of advisers completing over 150 mortgages.
Over a quarter of brokers (28%) said they had completed fewer than 50 cases in the past year, a figure David Sheppard, managing director at Perception Finance, told Mortgage Solutions was attributable to semi-retired and part time brokers.
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“I think you find a lot of brokers working part time these days, so they will be doing less than a standard full time broker. Often advisers are doing it part time to help fund their retirement.
“I think a figure in the mid-70s is right for the average mortgage broker, the vast majority will be in that bracket.
“There are always people who will do more than that, but they tend to be in bigger business with networks and introducers feeding them cases.”