Intermediaries are confident they can ‘weather the storm’ of Brexit and a general election, according to new research from the Intermediary Mortgage Lenders Association (IMLA).
In its latest Mortgage Market Tracker, IMLA found that 91% of mortgage intermediaries said they were either ‘very confident’ or ‘fairly confident’ about the outlook for the mortgage industry.
The research found that 95% of brokers were positive about the outlook for the intermediary-led mortgage market specifically – while 96% were also very or fairly confident about the future prospects for their own businesses.
IMLA executive director, Kate Davies, commented: “Continuing political uncertainty has failed to dent the confidence of mortgage brokers. Intermediaries remain confident that they are well-placed to weather the storm of political uncertainty. Brokers are upbeat about the prospects for Britain’s mortgage market.”
IMLA also highlighted that gross lending on all mortgages has increased each quarter since Q1 2019, reaching £70.4bn in Q3 2019, according to the Bank of England.
Furthermore, IMLA suggested that despite the expected summer lull dampening activity in the third quarter of the year, the average number of cases intermediaries handle annually remains in the mid-80s.
Davies added: “Even with the typically quieter summer months, there is still sustained demand from people wanting to see a mortgage broker.
“Whether they are a straightforward first-time buyer, have complex circumstances or are looking to remortgage, consumers are relying on the expertise of intermediaries to find the right mortgage product.”
Latest News
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories