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Mixed forecast for mortgage advisers

Thursday 28th of October 2021

This has emerged from a survey of 60 brokers by the independent economist Tony Alexander. 

Rising interest rates stemming from rising inflation get some of the blame for the negative trends, according to the survey.
The lockdown has added to this problem. 

However, with some investors selling one or two properties to retire debt, or perhaps switching their wealth into other assets, refinancing enquiries could easily regain strength, the survey reported. 

Many respondents to the survey said banks were tightening up their loan assessments with regard to expenses, incomes, spare monthly cash, deposit size, and so on. However, overall, there was still a good willingness to advance funds.

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