Brokers still have confidence

The index found that:

• Self-certification mortgage cases accounted for 19 per cent of all cases introduced, up 3% on the previous survey;

• Buy-to-let and sub-prime cases held steady, accounting for 13% and 8% respectively; and

• Six out of ten cases (57%) introduced are for mainstream mortgages.

When asked what effect the new mortgage regulatory regime would have on their business, the response from intermediaries has changed since the last survey when nearly half of all respondents (45 per cent) said that they expect it to either have no effect or just be an increase in their administrative workload. Intermediaries now appear to fall into three main camps. A third (33%) believe there will be little or no effect; 29% think that there will be more administration and costs; and 25% believe that their businesses will grow.