Encouraging views about the UK residential property market
The vast majority of intermediaries (91%) remain positive about the outlook for the mortgage industry despite ongoing political uncertainty, according to The Intermediary Mortgage Lenders Association (IMLA).
Published here the representative trade body for mortgage lenders found that sentiment among UK intermediaries remained positive in the second quarter of 2019.
Clive Scrivener, Partner, Scrivener Tibbatts said: “Despite the current political uncertainties it’s interesting that 93% of intermediaries feel the market is currently ‘positive’, with more than half (55%) ‘very confident’ about the outlook for their own business. We’d agree here at Scrivener Tibbatts. The office is very busy and we think the outlook for Wimbledon and Prime Central London will continue to improve over the next six months.”
According to Introducer Today over the last three quarters, mortgage activity has risen to an average of 87 cases per year, closing in on the highest levels seen since Q2 2019.
In total, 66 per cent of intermediary activity was made up of residential cases, including remortgaging, first-time buyers and movers.
If you would like to discuss this or something related to a valuation please contact Clive@scrivenertibbatts.co.uk or call us on 020 8947 7040.