There is no doubt that 2015 has the potential to be another very big year for the mortgage industry.
You may say: “What’s new? Eventful years are now the rule rather than the exception.” But while every year brings changes and challenges, 2015 is going to be right up there for both change and potential opportunities for intermediaries.
The economic figures have been moving in the right direction and, barring any shocks, the Bank of England may finally raise the base rate this year. No matter how gradual any increases may be, there are bound to be many of you waiting to move up a gear in remortgage activity.
What also has the potential to have an impact is the general election and the promises and changes made before and after.
Housebuilding seems to be moving in the right direction but there is more to do. In October, the independent review of housing led by Sir Michael Lyons set out a detailed roadmap for the next government to increase the rate of housebuilding to 200,000 new homes per year by 2020.
So what does all this mean for the intermediary? One thing is certain: there will be more people requiring mortgage advice.
Alongside existing measures to help people get on the ladder – and any new ones announced in the forthcoming manifestos – the role of buy-to-let will continue to be of crucial importance. Good-quality new-build rental accommodation is required to meet the demand of new household formation and lenders have a role to play here.