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Self-cert leads the way as specialist business grows

The specialist lending market is proving popular with intermediaries, according to BM Solutions regular tracking index.

The quarterly specialist mortgage adviser regular tracking index reveals specialist mortgages, especially self-certification, is a rapidly growing area.

Fifty-three per cent of loans are now in the specialist sector, with 28 per cent self-cert, 13 per cent buy to let and 12 per cent sub-prime.

Forty-five per cent of loans arranged through brokers are mainstream, a fall from 51 per cent in the first quarter.

Looking forward to the third quarter, advisers say they expect an increase in all sectors, with self-cert enjoying the greatest rise of 3 per cent.

BM Solutions public relations manager Matt Grayson says: “These results highlight the continuing buoyancy of the spec- ialist lending market. Notably, it is the self-cert market which has seen a substantial strengthening in adviser confidence. Advisers are also bullish about sub-prime and confidence in buy to let has remained steady.”

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