According to the Intermediary Mortgage Lenders Association (IMLA), restricted availability is still an issue for intermediaries and has remained unchanged from January this year, when 80% of firms said they experienced difficulty placing cases.
“It is still not easy to help every client who walks through the door, but we are seeing more lenders looking to compete for business with more competitive products,” said Peter Williams, IMLA executive director.
“The good news is that brokers are seeing an increase in the number of available products and more than half believe between 40% and 59% of all mortgage business will be introduced by intermediaries over the next year.”
Advisers were optimistic over buy-to-let with more than half expecting an increase in business over the next three months, and 23% expecting to see an increase in near prime business compared with just 9% who predict a fall.
