You are here: Home - News -

IMLA – We are in the golden age of the broker market

by:
  • 11/05/2017
  • 0
IMLA – We are in the golden age of the broker market
The broker mortgage market is in a golden age and may soon start to see the impacts of technological change, according to the Intermediary Mortgage Lenders Association (IMLA).

Speaking at the MyHomeMove conference, IMLA executive director Peter Williams also noted that while the housing market looked stable for the next two years, after that “all bets were off”.

He added that government policy had been so one-eyed that there needed to be a redressing of the balance between housing as an investment and as a place to live.

“Government doesn’t speak about that because they are trapped rather in terms of where they go and there is also a silence partly because the issue is all about tax,” he added.

On technology, Williams said: “The way that the world is changing in automated processes, you could argue that we are in the golden period of the broker-led intermediary mortgage market.

“This is a period in which, after a while, we may begin to see the digital impacts coming through in terms of how some of those processes will be automated and indeed changed.”

Williams also warned that while the current situation was largely stable, it was a market which was at risk from external economic and political pressures.

 

 

 

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.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
TMW to lend to portfolio landlords beyond 30 September

The Mortgage Works (TMW), the specialist buy-to-let arm of Nationwide Building Society, said it will lend to portfolio landlords beyond...

Close