Brokers say mortgage decline will slow

A survey of brokers by the Intermediary Mortgage Lenders Association (IMLA) found most believe the market will remain stable or decline to a modest extent, with the average respondent saying mortgage volumes will fall 5.9%. Brokers in the North, Scotland and Northern Ireland were more pessimistic about the market outlook, while those in the Midlands, West and Wales believe business volumes will hold up. Peter Williams, executive director of IMLA, comments: “The findings of the survey show intermediaries as realistic but not unduly disheartened. They recognise that mortgage volumes will...