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96 per cent of intermediaries have made a decision

96 per cent of all mortgage intermediaries have made a decision on mortgage regulation, according to Birmingham Midshires Smart research index.

Only 4 per cent were still unsure what they would be doing in relation to the introduction of mortgage regulation, compared with 16.4 per cent in December 2003 and 10.5 per cent in March 2004, with 6 per cent believing they are unaffected.

Just over nine out of ten (91 per cent) now submit at least some of their business online. More than six out of respondents (61 per cent) who submit online have now been doing so for more than a year, compared with 39.3 per cent in December 2003.

BM Solutions head of sales Alan Cleary says: “It is reassuring to see that so many intermediaries have made plans for regulation and that they have recognised the importance of online services.”

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