Mortgage Solutions polled brokers on whether their business may increase once Brexit uncertainty will lift, with 70.9% agreeing that a rise is likely to happen, whilst 18.8% replied negatively.
However, 10.3% of brokers cannot give an answer.
Senior technical manager at John Charcol, Ray Boulger, said that attention should be focused on how broker business may increase.
He added: “Once we know the direction, I think that the purchase activity will increase slightly in the second half of the year, but I do not expect any significant change next year in remortgages and product transfers.
“In the event of no deal, the government and the Bank of England should mitigate the short-term impact on the economy, by cutting interest rates and mortgage costs.”
David Hollingworth, director at L&C Mortgages, agreed that clarity will help to improve consumer confidence.
He said: “This will have a positive impact on the purchase activity as people need to know what direction the country is going to take.”
However, Dominik Lipnicki, director of Your Mortgage Decisions, said that only a good trade deal or no Brexit may lead broker business to grow.
“In the event of no deal or a bad deal, the lending sector may experience the same crisis of 2008,” he concluded.
