You are here: Home - News -

81% of IFAs make use of internet

by:
  • 01/01/2001
  • 0
With 81% of IFAs already having a link to the internet within their business, the web is set to beco...

With 81% of IFAs already having a link to the internet within their business, the web is set to become an invaluable tool for advisers in the future, according to the Intermediary Mortgage Lenders Association (IMLA).

New research commissioned by the IMLA has found that the internet is being used increasingly more by IFAs, with 57% using one of the electronic mortgage sourcing systems currently available and more than half making frequent use of email in their business.

The research also revealed that 22% make use of other lender sites, 10% use case tracking, 2.5% have sent a mortgage application to a lender electronically and four out of 10 IFA businesses already have their own internet sites.

According to IMLA, future predictions show that the proportion of IFAs’ business with mortgage lenders conducted online will increase from 5% to 12% in 12 months, to 22% in two years and to 33% in three years.

Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Mortgage Express to offer loans to borrowers in Northern Ireland

By Ben Marquand Mortgage Express, the specialist lending division of the Bradford & Bingley group, h...

Close