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Brokers optimistic for mortgage market activity – IMLA

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  • 12/11/2019
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Brokers optimistic for mortgage market activity – IMLA
Mortgage brokers have shown their optimistic side, with a whopping 91 per cent saying they are either “very” or “fairly” confident about the outlook for mortgages despite ongoing political uncertainty.

 

More upbeat still, 95 per cent were “very” or “fairly” confident on the outlook for the intermediated sector and 96 per cent felt that way about their own business.

Sentiment held up despite the average number of cases handled each year remaining flat at about 85 compared to 2018, the latest Intermediary Mortgage Lenders Association (IMLA) Mortgage Market Tracker has found.

Of brokers’ caseloads, 66 per cent were residential including remortgages, movers and first-time buyers. Buy-to-let was 25 per cent and nine per cent were specialist cases.

“Brokers are upbeat about the prospects for Britain’s mortgage market and continuing political uncertainty has failed to dent their confidence,” said Kate Davies, executive director at the Intermediary Mortgage Lenders Association (pictured).

“There is sustained demand for brokers, whether from first-time buyers, those with complex circumstances or people looking to remortgage,” she added.

The IMLA tracker is based on data from insight consultancy BVA BDRC’s Project Mercury. The percentages reflect the findings of 300 interviews with mortgage intermediaries conducted between July and September 2019.

 

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