Case volumes among advisers were steady in Q3 2019 despite the political uncertainty, according to the Intermediary Mortgage Lenders Association’s (IMLA) Mortgage Market Tracker.
The average number of Decisions in Principle (DIPs) that intermediaries dealt with in Q3, 2019 has remained stable at 28 from the previous quarter (27).
A divide in case volumes between the regions is clear, with advisers in the north of the UK reporting average DIP volumes of 36 in Q3, 2019 with those in the south handling 25 in the same three months.
Kate Davies, executive director of the Intermediary Mortgage Lenders Association, said: “Even with deal or no deal, our Mortgage Market Tracker shows brokers are keeping themselves busy.
“From first-time buyers and those with complex circumstances to remortgagors and landlords, consumers are pressing ahead with their housing plans.
“In many cases, they are continuing to rely on the expertise of intermediaries to help them find the best mortgage for their needs.
“It’s unlikely to be a record year for the mortgage market, but as we approach the end of 2019, we can remain confident that the sector is stable and resilient in the face of wider uncertainty.”
