More brokers than ever before are contacting the team with phone calls up 25 per week from January and 400 over the month when compared to December. 58% of enquiries are now going through to DIP stage and there is a marked improvement in conversion from DIP to application for packaged cases as they increase by 15%. We have also seen a 65% increase in applications in February for packaged cases and whilst the BDS lender panel is more limited than before due to lender exits, there is still mileage in this end of the market.
Phil Jay, Managing Director, BDS Mortgage Group comments: “These figures are a good indicator of how the packaged market is progressing and BDS is still going strong within it. Whilst we have seen many lenders leave the market, there is no shortage of demand for those who remain”.
He continues: “I am confident that our first class placement and packaging service will mean than BDS is still a main contender and first choice for many brokers and I hope that in 2009 lenders will start to return to this corner of the market.”
