IMLA: Most brokers confident about the future

Michael Lloyd

August 28, 2019

A majority of intermediaries (91%) remain positive about the outlook for the mortgage industry despite ongoing political uncertainty, the Intermediary Mortgage Lenders Association (IMLA) has found.

Some 93% of intermediaries felt the outlook for the intermediary sector was positive and more than half (55%) were ‘very confident’ about the outlook for their own businesses.

Kate Davies, executive director of the Intermediary Mortgage Lenders Association, said: “It’s clear that most intermediaries feel very positive about the outlook for the UK mortgage sector and it’s no surprise to us that demand has continued to remain strong.

“There is a huge range of products out there and intermediaries can give borrowers a great service, helping them to negotiate their options and find the right product.

“Consumers’ circumstances are also becoming increasingly complex and intermediaries are ideally placed to help identify products offered by specialist lenders to help access the finance they need.”

Despite structural changes in the market intermediaries have stated that case load volumes have continued to increase steadily.

Over the last three quarters, activity has risen to an average of 87 cases per year, closing in on the highest levels seen since Q2.

In total, two-thirds of intermediary activity (66%) was made of up residential cases including remortgaging, first-time buyers and movers.

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