View more on these topics

Intermediary mortgage sales predicted to further dominate market

CML - 700

Intermediary mortgage sales have scope for significant growth as customers’ need for advice increases, according to a senior industry figure.

Speaking to the Council of Mortgage Lenders ahead of their conference on the role of intermediaries in the mortgage market on Thursday, Virgin Money mortgages director Peter Rogerson said that intermediary sales, which currently account for two-thirds of the market, will continue to increase.

“Customers need advice and they will go where they can get it,” says Rogerson.

“We certainly believe that the gross lending market will continue to grow and thus in absolute terms the volume of lending through intermediaries should continue to grow.”

However, Rogerson said that lenders will also invest in ensuring they maintain their direct share of lending.

“If we can keep the market growing, then everybody will be better off,” he added.

Rogerson will chair the CML’s conference on Thursday, 22 September, which will be held at the America Square Conference Centre in London.



CML: Gross lending static in July at £21.4bn

Gross mortgage lending held steady in July at around £21.4bn, according to the Council of Mortgage Lenders. The figure is down 0.4 per cent from June’s £21.5bn and down 1 per cent year-on-year from £21.6bn. CML chief economist Bob Pannell says: “Indicators are likely to provide truer readings of market conditions the further we move […]


CML: Arrears at lowest level since record began

Mortgage arrears could plummet to lows not seen since 1982, according to new data from the Council of Mortgage Lenders. The CML data shows the number of arrears is down 13.4 per cent compared to this time last year. Q2 has seen arrears fall from 95,900 in the first quarter of the year, down to […]


CML: UK still aspires to own homes post-Brexit

Most UK adults still want to be homeowners despite the Brexit vote, according to the Council of Mortgage Lenders. The CML commissioned a YouGov poll that showed that 72 per cent of adults want to own houses in two years’ time and 80 per cent in 10 years’ time. CML chief economist Bob Pannell says: […]


News and expert analysis straight to your inbox

Sign up