Poll shows advisor optimism levels going up

Levels of optimism among mortgage advisors are going up as conditions within the market improve, according to the results of a new poll that has just been released.

That data is contained within the Mortgage Broker Barometer published by HSBC. One of the findings in it is that 63% of mortgage advisors think that there will be a rise in the volume of residential applications between now and the end of the year. Furthermore, 12% of them – which adds up to one out of every nine – believe that this increase will be a significant one. Just over half of the advisors surveyed are expecting a smaller increase.

When these figures are compared with those in the last Mortgage Broker Barometer, it is easy to see how optimism levels have risen. They show an overall increase of 13%. The previous edition of the survey came out during April.

Chris Pearson is the intermediary mortgages head at HSBC. In a recent interview, he said that improving market conditions were beginning to filter through to mortgage advisors.

Pearson went on to add that:

“Recently, some lenders have moved their stress rates and, as a result, we have started to see quite a lot of reports around the increase in lending that clients are able to avail themselves of.”

He further noted that a number of mortgage advisors are finding their customers becoming more proactive.

This is all good news for the mortgage industry and it will ensure that demand for CeMAP training courses remains high.

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