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

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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