"Consumers’ circumstances are also becoming increasingly complex and intermediaries are ideally placed to help identify products offered by specialist lenders"
When asked about the outlook for the intermediary sector, 93% of intermediaries felt it was positive and more than half (55%) were ‘very confident’ about the outlook for their own businesses.
The research found that intermediaries’ case load volumes have increased steadily over the last three quarters, returning to an average of 87 per year, close to the highest levels seen in Q2 2018.
In total, two-thirds of intermediary activity (66%) was made of up residential cases, including remortgaging, first-time buyers and movers.
Kate Davies, executive director at IMLA, said: “It’s clear that most intermediaries feel very positive about the outlook for the UK mortgage sector and it’s no surprise to us that demand has continued to remain strong.
"There is a huge range of products out there and intermediaries can give borrowers a great service, helping them to negotiate their options and find the right product.
"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.”
