Speaking at The Buy to Let Market Forum yesterday, Phil Rickards, head of sales at BM Solutions (pictured) said Lloyds Banking Group estimates adviser share will account for 60%, but that he’d go further and is expecting a split of 65:35 in brokers favour by the end of 2014.
Rickards said it is common knowledge that some lenders are struggling to keep pace with consumer appointments in the new Mortgage Market review-compliant era.
“Lenders will struggle to maximise their capacity through branch. This is great news for the intermediary market,” he said.
The market has travelled some distance since 2012 and the dual pricing era when adviser market share fell to 51% against direct at 49%, he said.
Rickards added that Help to Buy and the buy-to-let market have both grown and prospered simultaneously so fears the buy-to-let market is undermining the first-time buyer market are also not being borne out.
The Buy to Let Market Forum travels to London’s Hilton in London Bridge on Tooley St. tomorrow. Register here for your last minute chance to attend.
