Adverse credit dominates broker queries in Q3

Primis Mortgage Network's product desk saw a large proportion of queries relating to mortgages for those with adverse credit in Q3, its latest data shows.

Its product desk helped appointed representative advisers with 8,316 queries in Q3, 707 more than in Q2.

Primis says the uptick in queries on the topic of adverse credit suggests that broker guidance on the most suitable products for this group of customers is particularly important at this time.

The product desk also saw an increase in the number of queries regarding self-employed mortgages, income to affordability ratios and family assist mortgages during the current rising interest rate environment.

Vikki Jefferies, proposition director at Primis, commented: “Despite the cost of living increasing significantly, along with rising inflation levels and interest rates, these statistics show that demand remains healthy, and advisers are being approached for information on how they clients can best navigate the market at this difficult time.

“Brokers will need to be well informed in order to find suitable and affordable deals for their customers, especially those with complex circumstances. By working with the right network, brokers can access the support they need to ensure they are best meeting their clients’ needs. We look forward to continuing to provide the help and guidance we know our intermediary partners value for the remainder of 2022 and into 2023.”