A survey of mortgage advisors that has been conducted by a UK lender has found that almost half of them are very optimistic that the upcoming 12-month period will bring increases in business.
This survey was carried out by the specialist lender Pepper Money, with roughly 500 mortgage advisors taking part in it. Of those, 41% indicated that they expected an increase in the amount of work that they would be taking on within the upcoming year. A further 26% of advisors told the survey that they were anticipating their business volumes remaining stable during that time.
Just one third of the advisors that responded to the survey said that they were expecting a drop in the volumes of business that they attracted over the next year. On the other hand, 10% of respondents told Pepper Money that they thought the increase in business would be a considerable one.
Speaking to Mortgage Solutions, Pepper Money business development director Ryan Brailsford said:
“The economic outlook may be uncertain, but brokers are bullish about their prospects for the year ahead and, in many respects, this is for good reason.”
He went on to add that businesses that were prepared could do well even during tough economic periods and that the specialist market was a potential area of growth for mortgage advisors to explore, even if lending as a whole goes down.
Demand for CeMAP training courses among would-be mortgage advisors remains high, precisely because of the multiple lending options that advisors can tap into to find work.