Broker confidence in the life-time mortgage sector is soaring, according to new research from mortgage experts.
Findings from Mortgage Express show that up to 81 per cent of brokers, who have yet to advise on life-time mortgages, are planning on doing so in the next year or in the future.
Despite recent economic volatility, the research shows that the life-time market is still buoyant with over a quarter of those surveyed either advising on lifetime within the last year (13 per cent) or referring leads on (14 per cent).
Kirsty Jackson, head of lifetime mortgages at Mortgage Express, said that forward-looking brokers have realised that they should not ignore this growing sector.
"This has encouraged many intermediaries to look at ways of expanding their offering to both new and existing customers," she added.
According to the research, almost a quarter of brokers admitted that the credit crunch had or would be likely to affect how they do business, forcing them to expand into offering lifetime advice.
Meanwhile, Mortgage Express recently reduced rates on its lifetime mortgages to 6.29 per cent.
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