Broker confidence shows small improvement

However, the Intermediary Mortgage Lenders Association’s (IMLA) latest study of broker confidence shows the industry remains fragile, with hopes pinned on the success of recent Government intervention. The survey of almost 500 brokers showed an expected 2.3% decline in first time buyer business in the coming months. However, confidence has improved slightly since IMLA’s previous survey, conducted in May 2008, when intermediaries forecast a 5% decline in first time buyer introductions. Confidence improved for all mortgage types, with remortgage activity expected to hold-up relatively well...