4 Feb

Mortgage brokers 'becoming more confident', says Halifax

Mortgage brokers 'becoming more confident', says Halifax

Confidence in the mortgage market among brokers is continuing to grow, according to new research.

The Halifax Intermediaries Confidence Tracker showed that in the fourth quarter of 2012, 51 per cent said that they were optimistic about their lending products.

This was up from 38 per cent in the third quarter last year, but still down on the 56 per cent who were positive at the end of 2011.

It means that heading in to 2013 mortgage brokers are in a good position to build on confidence levels and help the struggling housing market get back on its feet.

Ian Wilson, head of Halifax Intermediaries, said: "It is encouraging to see increasing confidence in the sector over the last quarter. Whilst the economic outlook remains challenging, we are seeing a slight easing of funding pressures, leading to an increasing number of lenders reducing rates and launching new products to the market, providing further optimism."

This optimism was recently highlighted by the Post Office, which launched two new table-topping mortgage products at the start of this month.ADNFCR-1222-ID-801533813-ADNFCR

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