A report from Paragon's latest Financial Adviser Confidence Tracking (FACT) Index , based on interviews with 201 mortgage intermediaries, has revealed a slowdown in overall mortgage business during Q3 2019, despite stability in the buy-to-let market.
The average number of mortgages introduced per office in Q3 2019 was 21.9, down 3% from 22.5 in the second quarter and the lowest figure since Q2 2017. The average number of mortgages introduced per adviser also fell, down from 7.9 to 7.4.
Despite this slowdown, the buy-to-let market has remained relatively stable since a notable decline in 2016, and comprised 17% of mortgages introduced in the quarter, up 2% from 15% in Q2 2019.
For further information on the findings please visit:
https://www.paragonbankinggroup.co.uk/media/pressreleases/buy-to-let-borrowing-stable#
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