IMLA defends broker prospects for 09

Last week, AMI published an economic forecast for the year ahead, which included the bleak prediction. However IMLA has emphasised intermediary-sourced mortgages are a vital constituent of the UK mortgage market, and said its members would continue to support brokers. Peter Williams, executive director of IMLA, says: "Additional loss of market share would involve prime lenders further boosting the volume of lending done directly with borrowers. But in practice the number of intermediary products on the market in January is on the up. "Brokers play a key role in helping borrowers negotia...