The results are based upon a survey completed by a panel of lenders and represents the industry’s non-conforming sector in the UK.
Results this month show a growth of 1.2 per cent in the non-conforming remortgage sector. Average loans remain almost unchanged at £110,299.
The self-certification of non-conforming products shows record growths amongst some of the survey members. It is predicted that this is due to the popularity of the affordability calculator adopted by some lenders.
The factors that have contributed to the movements for this month are the new product releases that have taken place. In particular, lenders are experiencing more and more an increase in the near-prime sector.
Once again the report shows that lenders feel that brokers are still not maximising opportunities in this sector, and the factors that are effecting their performance most are knowledge of the subject, capabilities of search engines and the overall appetite for the business.
