Mortgage broker confidence rise noted - Professional Indemnity Insurance

14/12/2009

Written by Neil Pointon

Confidence among mortgage brokers is increasing, it has been revealed.

Figures released by Paragon Mortgages in its latest Financial Adviser Confidence Tracker Index show that more than half (55 per cent) of such professionals believe business will increase over the final quarter of 2009, with 37 per cent predicting things will stay stable.

On average, business activity levels are predicted to rise 6.7 per cent between October and December in comparison to the previous three-month period.

"This is the third quarter in a row that brokers have said they expect business levels to increase and the sense of pessimism that surrounded the market in 2008 finally appears to be dissipating," John Heron, managing director for Paragon Mortgages, states.

Such comments come as Mortgageforce managing director Kevin Duffy recently told Money Marketing that numerous insurance mortgage intermediaries are keen to pay for Professional Indemnity Insurance in order to remain independent.

(c) 2009 Adfero Ltd.

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