New research has shown that intermediaries are still placing significant numbers of mortgage cases since the start of 2022, although there has been a slight drop in the average number compared to the final quarter of last year.
This research was carried out by the Intermediary Mortgage Lenders Association (IMLA) and it shows that the average number of mortgage cases that were placed by intermediaries in the opening quarter of this year was 97. By comparison, the figure for the last quarter of 2021 was 103, which represented a record high figure.
The average in the first three months of this year was still very high though, matching that of the 2021 third quarter, and it shows that intermediaries are still dealing with heavy workloads. That indicates that demand for mortgages has remained at a high level in the first part of this year.
Perhaps unsurprisingly then, the minor dip in average case numbers has done nothing to dent the optimism of intermediaries. In total, 62% told the IMLA survey that they felt extremely positive about the future, which was the same percentage that expressed that sentiment during the closing quarter of last year. What’s more, 98% expressed overall feelings of optimism, with just 2% voicing feelings of low confidence.
Kate Davies from IMLA stated that the results of this research showed that momentum among mortgage advisors remains very buoyant this year, with activity and demand levels also staying strong.
CeMAP training course demand is also at a very high level as people look to get into a growing market.