Mortgage adviser confidence is on the rise as 81% say they are upbeat about the mortgage market’s outlook over the next 12 months, Stonebridge reveals.
A survey, taken by 265 of the mortgage and protection network’s appointed representatives, found that 71% were positive and a further 10% were very positive about the year ahead.
This compares to last year, when just 54% said they felt positive about the outlook for the market, which was up from just 14% in 2023.
In addition, 73% of those surveyed believe they will write more business in the next 12 months compared to the previous year, up from 62% a year ago.
Stonebridge chief executive Rob Clifford says: “After a challenging couple of years, brokers are now far more optimistic about the opportunities ahead, with confidence levels the highest we’ve seen over the last three years.”
“That is a hugely encouraging sign for the industry. Of course, risks remain – from inflation to ongoing regulatory demands – but the direction of travel is positive.”
“As conditions continue to improve, we believe this growing optimism will translate into increased activity and further momentum across the mortgage and protection market.”
