A survey conducted by mortgage network HLPartnership (HLP) revealed widespread optimism about prospects for the mortgage market in 2024, with 90% of members expressing a positive outlook.
Brokers cited several factors, including improvements in market processes, increased adaptability in face-to-face interactions, and overall recovery and growth after a challenging 2023.
The survey uncovered a general consensus that the market will not just stabilise but expand in 2024, that client interactions will continue to evolved, backed up by online capabilities, and that tech will help streamline processes and create a more client-centric environment.
Martin O’Callaghan, head of marketing at HLPartnership, said: “Our brokers are working at the coalface and their insights are invaluable to us.
“The positive sentiment captured in the survey is a testament to their resilience, expertise and foresight.
“It’s not just about recovery; it’s about growth and the exciting opportunities that lie ahead in the mortgage market for 2024.”
He added: “The survey reflects the underlying strength and adaptability of the mortgage market.
“Our brokers’ positivity is grounded in real market dynamics and their understanding of industry trends.
“It’s a clear indication that 2024 holds promising opportunities for both brokers and clients alike.”
