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Conventional wisdom has it that the Mortgage Market Review cut the volume of successful mortgage applicants and in turn reduced made the lettings sector tougher - but evidence gathered by BTL lender Paragon suggests a much more mixed picture.

The lender's Financial Advisor Confidence Tracking survey for the first quarter of 2015 quizzed 200 mortgage intermediaries on the impact of MMR in terms of business levels.

Some 43 per cent said that in their view there had been no change to their business volumes as a result of MMR and indeed some 24 per cent said that business had increased. Only a quarter of those surveyed said they had experienced a decrease.

The majority of intermediaries who said they had experienced a decrease reported this had been up to 30 per cent; only 14 per cent said the decrease in business had been higher.

Intermediaries were also asked which of their customers are now the most difficult to find a mortgage for.

Top of the list were the self-employed, followed by retired customers and then those with complex incomes from a range of unorthodox sources.

We need to recognise that there is no such thing as the average mortgage customer anymore, people have a greater variety of circumstances and we need to be more innovative in order to meet increasingly varied demand from customers says Paragon director, John Heron.

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