Platform Home Loans
Guy Batchelor, sales and marketing director, Platform Home Loans:
“Definitely, business is down by 25 to 30 per cent from pre-regulation.
Quite a few intermediaries may well have taken November and December off or are still getting their authorisation acts together.”
Kensington Mortgages
Alistair Pate, director of marketing and strategy, Kensington Mortgages:
“There was a huge dip over the first couple of days but business picked up towards the end of the week to take us where we expected to be.
“The market has been variable and unpredictable over the whole year but we will have a clearer view in the next few weeks.”
Mortgage Express
Tim Sturley, head of business development, Mortgage Express:
“Like many lenders, we have seen a small dip in volumes as everyone gets their head around regulation and deals with life in a regulated environment.
“Our lifetime business has been doing very well however, and as we anticipated, has benefited from the added peace of mind that regulation will give both brokers and their customers.”
BM Solutions
Matt Grayson, head of public relations, BM Solutions:
“We are where we thought we’d be in the market at the moment and are happy to be there.”
Linda Will, managing director, Accord Mortgages:
“It’s hard to judge because two of our most competitive products have been withdrawn, partly because we were worried about getting more business than we could deal with. But overall we feel that we haven’t suffered.”
Abbey for intermediaries
Abbey for Intermediaries were unable to comment on business volumes. A spokesperson said:
“Our current position is that due to the City's rules regarding a takeover, we are unable to provide the information you have requested at this time.”
Infinity Mortgages
Matt Gilmour, chief executive, Infinity Mortgages: “Yes, volumes are down by roughly 50 per cent.
“There are still brokers out there getting used to the massive learning curve that is regulation. We are hoping that this is a temporary measure and there is still demand out there.”
Preferred Mortgages
John Webster, managing director, Preferred Mortgages:
“They have reduced slightly but nothing too noticeable.
“I understand some brokers holding back submissions both pre- and post-‘Mortgage Day’ but this is the last thing we wanted as we want to cut our teeth on new business.”
GMAC-RFC
Jeff Knight, head of marketing services, GMAC-RFC
“In a nutshell no, volumes are as they were and as we expected them to be. It has been a very good year for us and I can’t see any reason for it not to continue.”
First National
Mark Bonshor, regional sales manager, First National
“It is too early to say if we have experienced any volume changes as a direct result of ‘Mortgage Day’. Going forward, we are confident that will continue to build and grow our volumes and business."
