Confidence among mortgage advisors on the rise

January 20, 2024 by Brendan O'Neill

Mortgage Advisors

The latest survey of mortgage advisors across the country shows that levels of confidence and optimism about their prospects for the upcoming year are on the rise.

Crystal Specialist Finance conducts this poll of advisors at the start of each year. For 2024, it spoke to more than 10,000 of them based in different parts of the country, with 31% stating they felt positive about their business prospects for this year. By comparison, the percentage that expressed that view in the 2023 survey was just 26%.

The percentage of advisors who said they had worries about what will happen over the next 12 months was 8%. In the 2023 poll, 15% expressed concerns about the upcoming year. This indicates that positivity levels among mortgage advisors are increasing after a difficult period for the market.

Those market problems last year were clear from the survey too. Just 22% of the advisors that Crystal Specialist Finance surveyed said it had been a strong year for them, whereas in the year before it was 48%.

The issues that are most concerning advisors at the beginning of this year are uncertainty about interest rates and possible increases, with 74% citing these.

Jo Breeden from Crystal told Mortgage Strategy:

“2024 presents opportunities for the resilient broker that is prepared to venture into new markets – such as bridging, commercial finance and complex buy to let.”

The CeMAP mortgage advisor course remains in high demand because of the range of earning opportunities open to qualified advisors.