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Mortgage brokers increasing in confidence: Natwest

Mortgage brokers are becoming increasingly confident, according to research from NatWest.

Natwest Intermediary Solutions said that across six market components, the overall mood among advisers was positive.

NatWest found that brokers were most confident with the demand for remortgaging, which gained a score of 64.8. The potential for house prices to rise gained a score of 57.7, while sufficient funding from lenders across LTVs received a score of 56.5

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The lowest scoring indicator, whether homeowners had sufficient equity in their existing proeprties to move, gained a score of 51.9.

In the survey, 323 brokers were asked to rate each component on a scale from 0-100. A score of over 50 indicates that brokers have a positive view whereas a score of under 50 indicates a negative outlook.

Graham Felstead, head of intermediary channel, NatWest Intermediary Solutions said: “It appears that the increased level of confidence anticipated at the beginning of the year is now working its way through the market. It is also heartening to see recognition that lenders have demonstrated a greater appetite to lend this year.”

Andrew Richards, founding partner of Plutus Wealth Management, said: “Generally there has been more purchase activity in the market highlighted by the fact that most valuations are taking up to two weeks to be booked in due to lack of surveyor availability. The funding for lending scheme and the upcoming second part of the help to buy scheme, will offer more competitive choices to buyers with smaller deposits at the higher LTV end of the market.”