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.
