‘I cannot see the market growing at the same rate as last year, and would expect growth of around 2%. Likewise, I cannot see any great change to packagers by the end of 2003. The shape of this market will remain the same until 2004 when I anticipate there being a big shake-out. I don’t think anyone is panicking just yet.’
‘I cannot see any major impact from regulation this year. Some smaller brokers may struggle with accreditations in order to trade but most regulation implications have already occurred. The disappearance of IFAs and financial planners that didn’t bother to take the exams last year will boost the year for those remaining.’
‘In the new year I think a greater proportion of mortgage writers will become members of both networks and clubs. In addition, collectively, this category of introducer will be introducing a much higher level of business to lenders of all types.
Some organisations will benefit from referral business from those who did not take last year’s exams, but not us as we deal with those who are directly regulated.’
‘I think the market will slow down on the purchasing side, but there will be more remortgage activity, as people cannot afford to move but have equity they can release for home improvements. Buy to let will continue to grow as experienced landlords expand portfolios. Apart from some regional variances I don’t see any gloom over the next year.’