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Brokers confident about industry despite political upheaval ‒ IMLA

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  • 28/08/2019
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Brokers confident about industry despite political upheaval ‒ IMLA
More than nine in every ten (91 per cent) intermediaries are positive about the outlook for the mortgage industry, the latest survey from the Intermediary Mortgage Lenders Association (IMLA) has found.

More than half (55 per cent) said they were ‘very confident’ about the prospects for their own businesses too, despite the political uncertainty currently casting a shadow over the property market.

In addition, case load volumes are steadily increasing according to the poll. It has now risen over the last three straight quarters to reach 87 cases per year, per adviser. Two thirds (66 per cent) of broker activity was made up of residential cases.

Kate Davies (pictured), executive director of IMLA, said it was no surprise that demand has continued to remain strong, noting borrowers benefit from a huge range of products and the “great service” provided by advisers.

She continued: “Consumers’ circumstances are also becoming increasingly complex and intermediaries are ideally placed to help identify products offered by specialist lenders to help access the finance they need.”

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