Adviser Mortgage Search Activity in May Presents First Signs of Normalising Market

After several months where advisers’ mortgage search activity has been dominated by a need to find suitable products for borrowers with financial complications, there are signs that the market is beginning to normalise, according to the latest findings from Legal & General Mortgage Club’s SmartrCriteria tool

Between April and May, searches for furlough friendly mortgages fell by 32 per cent. This is the second consecutive monthly drop, after a 40 per cent reduction between March and April. The volumes of searches for mortgages suitable for borrowers with unsatisfied defaults also continued to reduce (-2 per cent) and demand for mortgages for borrowers with unsecured arrears remained stable, month-on-month.

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Source: Property Wire

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