Political turbulence not affecting UK mortgage brokers

November 16, 2019 by Mark

Brokers

The most recent Mortgage https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget Tracker published by the Intermediary Mortgage Lenders Association (IMLA) indicates that the unpredictability being caused by the upcoming election and Brexit are not causing undue worry.

The findings of the report were that an overwhelming majority of brokers remain highly optimistic about the future for both their own individual businesses and the intermediary mortgage sector as a whole. An overwhelming 96% of those surveyed expressed confidence in the former, while the latter saw 95% state that they were looking to the future with real hope.

These were not the only encouraging results, as 91% of the brokers that participated rated their view of the future of the mortgage market in general as either ‘fairly confident’ or ‘confident’. Speaking to Mortgage Introducer, the IMLA executive director, Kate Davies, stated that this proved the prospects for those in this sector were still seen as bright, despite the current political turbulence.

She went on to add that mortgage brokers are hopeful that they can cope with the effects of the general election and Brexit, and that the mortgage sector in the UK will continue in good health.

In recent times, this market has enjoyed steady growth that saw it hit £70.4 billion by the third quarter of 2019, with much of this accounted for by first-time buyers and second mortgages.

CeMAP courses for brokers ensure they are able to advise both couples looking for their first home, and people who want to remortgage the one they have on the best deals.