At the launch of Mortgage Strategy’s Mortgage Packager Update at Gleneagles, Scotland. The pendulum swung between pessimism and optimism today.

The conference covered controversial issues such as the possible segmentation of proc fees, what progress the AMI Packager Taskforce has achieved since the first mortgage packager summit in Nice earlier this year, potential outcomes if all specialist lenders keep pricing for risk in a saturating market and if packagers should accept responsibility for non-performing loans.

It was also debated if packager associations add value and in a gloomy discussion on the outlook for the sub-prime market, delegates heard that around £15bn worth of lending could be wiped off the heavy sub-prime sector.

It was also said that there had never been a better time in the market to use a mortgage packager.