Stable intermediary case volumes mask regional divide: IMLA

Advisers' case volumes remained steady in Q3, despite ongoing political uncertainty, according to research from the Intermediary Mortgage Lenders Association (IMLA).

Related topics:  Mortgages
Rozi Jones
12th December 2019
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"It’s unlikely to be a record year for the mortgage market, but as we approach the end of 2019, we can remain confident that the sector is stable and resilient"

The average number of DIPs that intermediaries dealt with remained stable at 28 compared to 27 in the previous quarter.

However IMLA noted a divide in case volumes between regions, with advisers in the north of the UK reporting average DIP volumes of 36 in Q3 compared to 25 for those in the south.

Advisers also maintained the number of conversions from full applications to completions between Q3 2018 (72%) and Q3 2019 (73%). The overall conversion rate of DIPs to completions has also remained stable year on year at 48%.

Kate Davies, executive director of IMLA, said: “Even with deal or no deal, our Mortgage Market Tracker shows brokers are keeping themselves busy. From first-time buyers and those with complex circumstances to remortgagors and landlords, consumers are pressing ahead with their housing plans. In many cases, they are continuing to rely on the expertise of intermediaries to help them find the best mortgage for their needs.

“It’s unlikely to be a record year for the mortgage market, but as we approach the end of 2019, we can remain confident that the sector is stable and resilient in the face of wider uncertainty.”

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