The research by the Intermediary Mortgage Lenders Association also said the value of loans via intermediaries for first-time buyers increased by 30% from £2.7bn in Q1 to £3.5bn in Q2 and by 26% for home movers from £5.4bn in Q1 to £6.8bn in Q2.
The total share by volume for the quarter stands at 64% for first-time buyer loans and 55% for home mover loans, which remains very similar to quarter one.
Peter Williams, IMLA’s executive director, said: “These figures are encouraging and demonstrate the key role of intermediaries to mortgage distribution.
“Intermediaries have the knowledge required to provide specialist information, helping customers find the right product for their needs and saving time and money for both borrowers and mortgage lenders.
“Despite changes to the UK mortgage market and the current fragile economy there are funds available to obtain a mortgage.
“IMLA members are keen to communicate this message and that product availability is improving. These figures help demonstrate this and it is a good indicator that the market is gradually improving.”
The figures were compiled by the IMLA and are based on Financial Services Authority and Council of Mortgage Lenders data.
