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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.”
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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.