With economists drawing mixed conclusions about the UK’s prospects, mortgage brokers are optimistic about the future, according to recent tests of opinion. A poll of some 300 brokers, conducted by NatWest Intermediary Solutions at a recent forum, found that almost two thirds of brokers (63%) were expecting to do more mortgage business in the second half of the year than in the first. The majority also said they had arranged more mortgages in the early months of 2010 than they had in the same period last year. Many also indicated that they expected fixed-rate deals to become more popular. Meanwhile, in spite of concern about mooted Capital Gains Tax rises, surveys are pointing to a healthier market for mortgages aimed at property investors.

Leading brokers feel that, with uncertainty about interest rates and the range of fixed rates and other deals on offer, borrowers will be keen to talk through the options available. “We will help to review all factors for each individual client,” said a spokesman for broker GoRemortgage. In doubtful economic conditions clients will also be looking to minimize their repayments and if necessary take on increased borrowing in the most cost effective way possible.

Tags: Economy, Housing Market

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