Legal & General Adviser Confidence Index Q4 2010.
28 January 2011
Stephen Smith, Legal & General’s Director of Housing & External Affairs said “there seems to be a new wave of optimism for the housing market in 2011 with 85% of advisers predicting that business will improve or at least stay the same over the next 3 months.
Most advisers think that purchase business will be a more important source of business than re-mortgage business and 47% of advisers believe that protection sales will improve.
Interest rates were held again by the MPC in December and this looks set to continue for at least the first half of 2011. The UK continues to see tightening in the economy and growth is expected to slow.
However 2011 is already in full swing and with the days lightening the outlook for mortgage intermediaries looks brighter too,
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
Legal & General polled 91 advisers of its mortgage network, Legal & General Partnership Services Limited, in December 2010.
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
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