Last updated 08/10/2021

IMLA Publications

IMLA has an active research programme, conducting regular 6 month surveys of both lenders and intermediaries and using the results to generate insights into the market in general, the intermediary market and policy issues.

IMLA also produces regular reports, articles and blogs on issues affecting the UK mortgage market. All of these are available below.

IMLA Market briefing March 2022: Key developments in the housing and mortgage markets
Rob Thomas
March 2022

  • The Russian invasion of Ukraine has heightened uncertainty, pushing up global energy and commodity prices. Unless the crisis is quickly resolved, this will feed into higher UK producer input and output prices and consumer prices. The CPI is already rising at the fastest rate since 1992, up 6.2% in the year to February and was already forecast to go higher before the conflict in Ukraine, in particular due to the forthcoming rise in the energy price cap.
  • The rise in consumer price inflation prompted the Bank of England to raise Bank Rate to 0.5% in February and 0.75% in March. Markets were anticipating a rise in Bank Rate: average low LTV mortgage rates have been rising since late summer. However, growing competition in the 95% LTV market, as lenders unwind their Covid induced restrictions, has more than offset the impact of increased Bank Rate for these loans so far.
  • The Bank of England faces a difficult balancing act as higher energy and commodity prices are both inflationary and detrimental to domestic activity as they squeeze corporate profit margins and reduce households’ real incomes. It may be impossible to avoid a period with both high inflation and low or negative growth.
  • The labour market remains buoyant with record numbers of job vacancies and falling unemployment. This has underpinned wage growth which was 4.8% in the three months to January. The Bank of England will pay particular attention to trends in pay growth, watching for signs that wages are following prices up, and may feel compelled to raise Bank Rate faster and further if earnings accelerate.
  • The housing market continues to be characterised by limited supply and strong demand, putting upward pressure on prices. As a result, house price inflation in the latest 3 months rose at a double digit rate despite the removal of the impetus of the stamp duty holiday.
  • Lending data confirms that remortgage activity is rebounding after a year when lenders prioritised house purchase lending. The prospect of higher interest rates has also encouraged some borrowers to look to fix their rate for longer.

IMLA Mortgage Market Tracker, Q4 2021
February 2022

IMLA: 2022 manifesto
January 2022

Despite—and in some cases as a result of—the continuing COVID-19 pandemic, 2021 remained a very busy year for the housing market. The experience of “lock-down” prompted some homeowners to relocate out of city areas in search of more space and greener surroundings. The extension of the Stamp Duty holiday to September kept demand high amongst home buyers and landlords. Even after that incentive was withdrawn, the sector remained busy, with the first of a possible series of rate rises from the Bank of England set to drive re-mortgaging business in the immediate future.

Amid this ongoing demand, there is still plenty for the sector to get to grips with as we enter 2022. Our latest manifesto identifies the key areas that we believe should be a focus for the mortgage market and the Government in the year ahead.

The new ‘normal’—prospects for 2022 and 2023
Rob Thomas
January 2022

  • Gross mortgage lending in 2021 is estimated to have reached £304 billion, the best performance since 2007.
  • We estimate that the total value of housing transactions reached a record of nearly £370 billion in 2021.
  • The need to raise interest rates to curtail the post-Covid rise in inflation will dampen the housing and mortgage markets in 2022 and 2023.
  • Bond markets are continuing to signal that interest rates will remain in ultra-low territory for the foreseeable future.
  • Gross buy-to-let lending to fall back to £38 billion in 2022 and £37 billion in 2023.
  • Intermediaries set to remain the dominant distribution channel, serving nearly 80% oof the market.
  • IMLA welcomes the Bank of England Financial Policy Committee (FPC) decision to consult on redrawing its stressed affordability requirements.

IMLA Market briefing December 2021: Key developments in the housing and mortgage markets
Bob Pannell
December 2021

  • Concerns about the Omicron variant arise at a time when economic growth is already stalling because of raw material and labour shortages. While it is too early to be confident about ramifications for the wider economy, there is comfort in knowing that the UK is well-placed to implement whatever coping strategies are appropriate.
  • The sharp upwards spike in consumer price inflation over recent months prompted the Bank of England in mid-December to increase Bank Rate from its historic low of 0.1% to 0.25%, the first tightening of monetary policy in more than three years.
  • Stamp duty arrangements have returned to their pre-pandemic settings across all parts of the UK, with no obvious ill effects. Housing demand and house prices continue to be supported by lifestyle preferences, still low interest rates and attractive mortgage pricing.
  • 2022 is expected to be a strong year for refinancing activity and this will help to shelter mortgage lenders and brokers from any slowdown in the housing market.
  • Lenders are alert to and well-placed to support households hit by rising cost of living pressures over the coming months and to minimise any adverse impact on arrears and possessions.

The mortgage affordability paradox
Rob Thomas, Principal Researcher, IMLA
November 2021

Why under-served borrowers should not rule themselves out
November 2021

Borrowers should explore all their options after the mortgage industry’s radical steps to innovate in response to the pandemic

IMLA Market Briefing — September 2021: Key developments in the housing and mortgage markets
Bob Pannell
September 2021

  • The easing of social distancing restrictions has allowed a re-opening of the economy and a period of strong economic growth. This will fade somewhat in the second half as Covid support measures are withdrawn and the country tackles raw material and labour shortages.
  • While it is difficult to gauge the true extent of inflationary pressures, the odds are shortening on the Bank of England nudging interest rates higher next year.
  • The housing market has experience huge spikes in activity associated with the stamp duty holiday. While the second half of the year will be quieter without stamp duty concessions, housing demand and house prices will continue to be supported by lifestyle preferences and attractive mortgage pricing.
  • The availability and pricing of high LTV loans has improved materially over recent months. These trends look set to continue over the short-term and will provide much-needed support for first-time buyers who are having to cope with higher house prices and elevated deposit requirements.

Diversity and inclusion in the financial sector — working together to drive change (DP21/2): Response by the Intermediary Mortgage Lenders Association
September 2021

  • We agree with and support many of the statements made in the Discussion Paper.
  • Firms which embrace diversity at all levels, but particularly at Board and senior management level, have been proven to be more effective and – by implication – more profitable/sustainable. So quite apart from the fact that increasing diversity and inclusion is simply the right thing to do in terms of treating people with respect and as individuals, there is a big incentive for firms to expand their horizons and ways of thinking and operating.
  • For financial services firms, this should go beyond internal structures and management: they need to ensure they are engaging effectively with their current and future customer bases to make sure that they are responsive to those customers’ expectations and demands.
  • The challenge will be in how to measure success: what does success look like? Any new rules need to be effective and enforceable.
  • It may be necessary to do a lot more preparatory work to ensure individual firms have effective internal communication and have built up the trust of their staff before embarking on data-collection exercises which, if not properly positioned and introduced, could end up being ineffective and even misleading.

IMLA Mortgage Market Tracker, Q2 2021
August 2021

A new consumer duty (CP21/13): Response by the Intermediary Mortgage Lenders Association
July 2021

  • It is not clear to IMLA what benefits a new Consumer Duty would bring
  • Since its creation the FCA’s predecessor, the FSA published numerous documents emphasising its expectations of firms and of the leadership provided by Boards and senior management
  • There are numerous examples of statements made by the former FSA and the FCA setting out the regulator’s expectations of firms’ behaviour towards their customers
  • If the regulator has been unable to enforce its own rules it is unclear that the creation of a new package of measures will succeed in the instances where the existing framework has failed

Impact of COVID on UK housing and mortgage market — One year on
Rob Thomas
July 2021

  • The economy has staged a strong recovery from the COVID-19 lockdown induced slump
  • The UK housing market has defied economic forecasts and staged a sharp recovery in terms of prices and transaction levels
  • The strong housing market has stimulated a surge in mortgage lending
  • Longer term implications of COVID crisis are becoming clearer
  • IMLA forecasts that house prices will be broadly flat in the second half of 2021 but will rise 1.6% in 2022
  • IMLA is raising its forecast for mortgage lending from £283 billion to £285 billion in 2021

IMLA Market Briefing — June 2021: Key developments in the housing and mortgage markets
Bob Pannell
June 2021

  • The UK economy is currently enjoying a post-lockdown bounce in economic activity, amid growing confidence that the successful roll-out of our Covid vaccination programme will allow further easing despite the ongoing challenge of new variant strains.
  • Housing market sales and house prices have recently been running at their strongest since the global financial crisis and look set to continue strongly for much of the year.
  • It is a similar story for mortgage lending, with gross and net industry mortgage lending this year set to deliver their strongest performance since 2007.
  • First-time buyer numbers have lagged somewhat, as higher house prices have exacerbated affordability pressures by lifting the size of loans needed and deposit requirements. This may be mitigated by better availability and keener pricing of high LTV loans.
  • The Bank of England is currently happy to look through short-term inflationary pressures and to maintain an accommodative monetary stance.

IMLA Mortgage Market Tracker, Q1 2021
May 2021

IMLA Market Briefing – March 2021: Key developments in the housing and mortgage markets
Bob Pannell
March 2021

  • While the UK economy is currently stuck in reverse gear because of the third national lockdown, there is a growing confidence that the successful roll-out of our Covid vaccination programme and further fiscal stimulus measures herald a sustained economic recovery.
  • A shift in housing demand, triggered by the social distancing measures made necessary by Covid-19, rather than the temporary stamp duty holiday, appears to underpin the recent strength of housing market sales and house prices.
  • While the end of the stamp duty holiday may mean that activity levels are more subdued for a period, widespread market disruption or house price falls now seem very unlikely.
  • The new mortgage guarantee scheme will encourage mortgage firms to return to 95% LTV lending sooner, but it does not represent a panacea for first-time buyers nor will it transform the affordability challenge facing them.

Improving home energy performance through lenders — Response by the Intermediary Mortgage Lenders Association February 2021
February 2021

IMLA Mortgage Market Tracker, Q4 2020
February 2021

The new ‘normal’ — prospects for 2021 and 2022
Rob Thomas
January 2021

The eighth in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

IMLA Market Briefing – December 2020: Key developments in the housing and mortgage markets
Bob Pannell
December 2020

  • With GDP still considerably below its pre-Covid level, there should be further
    economic recovery next year. But there is huge uncertainty about its precise
    path and nature, and this means that prospects for jobs, household sentiment
    and the housing market are also uncertain.
  • The housing market has been experiencing strong growth and record house
    prices in recent months because of the release of pent-up demand, changes in
    housing aspirations and the temporary stamp duty holiday. These factors are set
    to unwind in the first quarter of next year.
  • House prices may ease back through 2021 and 2022, reversing some of the
    recent sharp gains.
  • Government policies have created an inadvertent “cliff edge” for the housing
    market at the end of March, with the stamp duty holiday ending and a move to
    less generous Help to Buy arrangements at the same time as job support
    schemes are withdrawn.
  • While most mortgage borrowers who opted to defer their mortgage have
    already resumed payments, some households will be struggling with their
    finances and their ranks are likely to grow when Government support measures
    wind down. This will show through in higher arrears and possessions figures
    through 2021 and beyond.

IMLA Mortgage Market Tracker, Q3 2020
November 2020

Green Mortages
October 2020

IMLA Market Briefing – September 2020: Key developments in the housing and mortgage markets
Bob Pannell
September 2020

  • Post-lockdown, there has been a strong recovery in housing market activity
    across most of the UK. July’s temporary cut in stamp duty appears to have
    accelerated demand. House prices on several measures have reached record
  • This sits oddly with the economic damage that social distancing measures have
    wreaked on businesses and households, the scale of which will become more
    apparent when the Government unwinds key support schemes at the end of
  • Mortgage lenders have successfully grappled with significant operational
    challenges over recent months, not least administering wide-scale payment
    holidays and a shift to remote-working.
  • A surge in borrower demand over the past couple of months has created
    additional challenges. Firms have been competing less aggressively in parts of
    the market such as higher LTVs, as a way of managing new lending pipelines,
    maintaining customer service standards and controlling risk in the face of
    economic uncertainties.
  • Significant numbers of mortgage borrowers who opted to defer their mortgage
    payments have already resumed their normal monthly payments, and this bodes
    well for the numbers in genuine financial distress that are likely to need ongoing

Impact of coronavirus on UK housing and mortgage market
Rob Thomas
September 2020

IMLA Mortgage Market Tracker, Q2 2020
August 2020

IMLA Market Briefing – June 2020: Key developments in the housing and mortgage markets
Bob Pannell
June 2020

  • The strong pick-up in activity that has followed the re-opening of England’s
    housing market has surprised on the upside, but seems likely to dissipate over
    the coming months as households become more cautious in the face of business
    failures and higher unemployment.
  • The housing and mortgage markets are unlikely to be shielded from the
    economic damage resulting from the Covid-19 pandemic, although fresh
    concerted action by the Government should help to limit the adverse impacts.
  • Lenders’ credit risk appetites will shrink back as we go through a period of house
    price weakness and jobs uncertainty. Higher deposit requirements may mean
    that would-be first-time buyers see little benefit from any house price falls.
  • The financial sector is resilient and well-placed to handle an expected increase in
    mortgage arrears and possessions from historically low levels and to support new
    lending when market conditions improve.

Mortgage Market Tracker, Q1 2020
May 2020

First time buyers: is the growth sustainable?
Rob Thomas
May 2020

  • First time buyer numbers fell back slightly in 2019 to 352,000, but were still 84% above the low of 191,000 recorded in 2008.
  • Main drivers of higher first time buyer numbers have been improved affordability as mortgage rates have fallen and lenders’ increased appetite to support this group.
  • Longer term context suggests that first time buyer numbers are still disappointing.
  • Short-term outlook is highly uncertain due to the coronavirus but longer-term outlook is positive as strong affordability coupled with a large pool of potential first time buyers points to continued growth.
  • Lenders need to ensure that the proposed end of Help to Buy equity loans in March 2023 does not create a new constraint on first time buyers of new homes.
  • IMLA calls for government to assess the impact of post-financial crisis regulatory changes and consider easing these restrictions to help new home buyers lead the post-Covid recovery.

MHCLG – Consultation on the design and delivery of First Homes. Response by IMLA
April 2020

IMLA Market Briefing: March 2020 – Key developments in the housing and mortgage markets
Bob Pannell
March 2020

  • We are in every sense in uncharted territory, given the rapid pace of
    developments associated with the Covid-19 pandemic and the backwardlooking
    nature of market and wider economic indicators.
  • The coronavirus outbreak represents an additional headache for the UK
    Government, given that it threatens to derail our economy at a time when
    global slowdown and the need to adjust to life outside the EU makes the UK
    especially vulnerable.
  • The UK authorities have responded with a determined and coordinated effort
    to pre-empt the challenges that preventative measures will give rise to and to
    limit the economic fall-out.
  • Mortgage lenders, and financial firms more widely, have been quick to play
    their part, offering timely help to households and businesses.
  • The next several months will undoubtedly be challenging for the housing and
    mortgage markets (and more widely), but, with a solid framework for
    damage limitation in place, we can at least be relatively optimistic about the

FCA Call for Input – Open Finance. Response by the Intermediary Mortgage Lenders Association
March 2020

ICO Direct Marketing Code of Practice: draft Code for consultation. Response by the Intermediary Mortgage Lenders Association
March 2020

Avoiding peak first-time buyer
Bob Pannell
February 2020

This article was originally published on 7th February in Mortgage Solutions

Cash in retreat
Bob Pannell
January 2020

This article was originally published on 28th January in Mortgage Strategy

Mortgage Market Tracker, Q4 2019
February 2020

The new ‘normal’ – prospects for 2020 and 2021
Rob Thomas
January 2020

The seventh in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

Let’s stop bashing landlords
Bob Pannell
December 2019

This article was originally published on 16th December in Mortgage Solutions

IMLA market briefing: December 2019 – Key developments in the housing and mortgage markets
Bob Pannell
December 2019

  • Concerns about the domestic political situation, economic slowdown and job security have been adversely affecting household sentiment. December’s clear General Election result offers a short-term psychological boost. It is not clear to what extent this will specifically benefit the housing market.
  • Negotiations regarding our future trade relationship with the EU are important for the UK’s longer-term prospects and, at this stage, a source of uncertainty.
  • The housing market is more or less in a steady state currently, as far as house prices and activity levels are concerned.
  • The phasing out of the Help to Buy Equity Loan Scheme from 2021 will loom ever more strongly next year, and it is to be hoped that the forthcoming Budget addresses this issue.

General Election Wishlist
November 2019

Mortgage Market Tracker, Q3 2019
November 2019

The intergenerational divide in the housing and mortgage markets
Rob Thomas
October 2019

  • Younger generations are struggling to attain the financial security that most of their parents enjoyed
  • There has been a marked reduction in homeownership rates among younger households compared to the rates seen in earlier generations
  • High house prices is not the main cause of the fall in first time buyer numbers
  • The long term cost to consumers of not purchasing a home is extraordinary
  • As well as the generational divide we need to remain mindful of the housing divide
  • IMLA calls for a cost benefit analysis of the current regulatory regime for mortgages which takes account of the cost to consumers who have failed to enter owner-occupation because of the additional hurdles they face accessing mortgage finance because of tightened regulation.

Brexit and the UK mortgage market
Bob Pannell
October 2019

  • Brexit represents a momentous economic change for the UK and huge uncertainties are associated with it.
  • Mortgage lenders hope that our departure from the EU can be an orderly one.
  • But the odds of a disorderly no deal Brexit, with adverse short-term consequences for the wider UK economy, have shortened over recent months.
  • Policy-makers have extensive tools to mitigate any adverse effects in the housing market and are likely to deploy them.

This article was written for the October 2019 issue of Housing Market Intelligence

MHCLG discussion paper on A New Deal for Renting
October 2019

MHCLG discussion paper on Making Home Ownership Affordable
September 2019

IMLA market briefing: September 2019
Bob Pannell
September 2019

Key developments in the housing and mortgage markets

  • The housing market has been relatively resilient in the face of Brexit
    uncertainties to date, with most measures indicating slightly higher activity as we
    headed into the summer.
  • House purchase activity has been underpinned by the strong jobs market,
    competitive mortgage deals and slowing house price growth.
  • Levels of remortgaging remain high but have begun to ease back following a
    lengthy upturn.
  • Concerns about the domestic political situation, slowing economy and job
    security are adversely affecting household sentiment. The forthcoming Autumn
    Budget provides an opportunity for the Government to counter the gathering
    economic headwinds.

An Overview of Developments in Digital Strategy
September 2019

Mortgage Market Tracker, Q2 2019
August 2019

FOS consultation on Our Future Funding—Response by the Intermediary Mortgage Lenders Association
August 2019

Buy-to-let at a crossroads
Rob Thomas
July 2019

Consultation Paper (CP 19/14) on Mortgage Customers: proposed changes to responsible lending rules and guidance
July 2019

Consultation Paper (CP 19/17) on mortgage advice and selling standards
July 2019

IMLA Market briefing: June 2019
Bob Pannell
June 2019

  • The ongoing recovery of real earnings has helped to offset some of the negative
    sentiment arising from Brexit uncertainties.
  • Housing market activity and property prices are flat, broadly speaking, across
    much of the country. First-time buyer numbers continue to rise modestly,
    underpinned for the time being by a strong jobs market and competitive
    mortgage deals.
  • Levels of remortgaging are high, but there are early signs of waning borrower
    demand and limits to how much more intense competition between mortgage
    lenders can be.
  • The market may enjoy a temporary “Brexit bounce” when the UK agrees a
    transition deal with the EU, but market fundamentals may dictate a quieter
    period down the track.

Mortgage Market Tracker, Q1 2019
May 2019

When will landlords push up rents?
Bob Pannell
May 2019

This article was originally published on 14th May in Mortgage Introducer

Expect more calls for rent controls
Ryan Bembridge
May 2019

This article was originally published on 14th May in Mortgage Introducer

Supporting older buyers can help repair the housing market
Bob Pannell
May 2019

This article was originally published on 5th May 2019 in Mortgage Solutions

Last-time buyers: the challenges and opportunities for 55+ home-owners wanting to move home
Bob Pannell
April 2019

IMLA Market briefing: March 2019
Bob Pannell
March 2019

  • The housing market has not been immune from the wider Brexit uncertainties adversely affecting the UK
  • This, together with growing job insecurity, has sapped household confidence and weighed down on housing market activity and property prices
  • Mortgage credit terms and availability remain mostly favourable, however, and, once there is a degree of clarity about the UK’s future relationship with the European Union, we could see a bounce-back as pent-up demand is released.

Mortgage Market Tracker, Q4 2018
March 2019

2019 to be the year of refinancing
Michael Lloyd
February 2019

This article was originally published on 7th February 2019 in Mortgage Introducer.

The new ‘normal’ — prospects for 2019 and 2020
Rob Thomas
February 2019

The sixth in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

Discussion Paper (DP 18/9) on Fair Pricing in Financial Services
January 2019

Response by the Intermediary Mortgage Lenders Association

Uncertainty is not the same as disaster
Bob Pannell
January 2019

This article was first published on 19th January in Mortgage Solutions

FCA Consultation Paper CP18/31: Increasing the award limit for the Financial Ombudsman Service
December 2018

IMLA responds to proposals to increase the FOS award limit.

The technological new frontier: Digitisation in the mortgage market
Rob Thomas
December 2018

Digitisation and advances in computing power are reshaping numerous industries. In travel, entertainment and retail the structure of the industry and the key providers have been fundamentally altered by the digital revolution. Retail financial services has also seen transformation in products such as current accounts and insurance. In mortgages change has been slower to come but both back office processes and distribution are in the process of being dramatically reshaped.

Why Bank of Mum and Dad needs to grow
Bob Pannell
December 2018

This article was first published on 5th December in Mortgage Finance Gazette.

Mortgage Market Tracker, Q3 2018
November 2018

Discussion Paper DP 18/5: On a duty of care and potential alternative approaches
November 2018

IMLA comments on proposals set out in DP 18/5, and provides responses to specific questions.

Why Stamp Duty relief has not boosted first time buyers
Bob Pannell
October 2018

This article was first published on 23rd October 2018 in Mortgage Finance Gazette.

Mortgage Market Tracker, Q2 2018
September 2018

Bridging the gap: Developments in later life lending to an ageing population
Rob Thomas
August 2018

As homeowners age at a faster rate than the UK population, developments in post-retirement lending are putting a strain on the current model of financial advice, with the need to serve a growing population of older homeowners producing a new generation of mortgage products. In its latest report, IMLA calls on UK financial advisers to break down the silos between pension and mortgage advice, and offer a more holistic service to keep up with the pace of product innovation.

Mortgage Market Tracker, Q1 2018
July 2018

Mortgage borrowers and higher mortgage rates
Bob Pannell
June 2018

Bob Pannell looks at the impact of a potential Bank base rate rise this year on mortgage borrowers. Published in Mortgage Finance Gazette:

Base rate rises could weaken market sentiment
Bob Pannell
May 2018

This article was first published on 21st May 2018 in Mortgage Strategy

Are you ready for GDPR?
May 2018

A guide to the requirements of the GDPR, which comes into force on 25th May 2018: this guide is designed to be helpful to lenders and intermediaries, and to complement the guidance issued to its members by the AMI.

Are we approaching the limits to lending growth?
Bob Pannell
April 2018

Bob Pannell discusses how net lending levels serve useful barometer for the underlying health of our mortgage market, as published in Financial Reporter:

IRESS Intermediary Mortgage Survey 2018
April 2018

The new ‘normal’ – prospects for 2018
Rob Thomas
March 2018

The fifth in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

Where next for first-time buyers?
Bob Pannell, Economic Adviser, IMLA
February 2018

The latest figures confirm that there were about 366,000 first-time buyers in the UK in 2017. This is a positive outcome, in a year when overall property transactions eased back a little. First-time buyers now account for 30% of overall housing market activity.

This article was first published on 26th February 2018 in Mortgage Solutions

Buy to Let under pressure
Rob Thomas
February 2018

Looks at the impact which a plethora of tax and regulatory changes have had on the buy-to-let mortgage market and the wider implications for the private rented sector.

Mortgage Market Tracker, Q4 2017
January 2018

Keeping Britain Building: mortgage lending in the new build sector
Rob Thomas
November 2017

Examines lenders’ increasing confidence in lending on new-build property, together with the impact of the Help to Buy equity loan scheme.

Mortgage Market Tracker, Q3 2017
October 2017

The rebirth of specialist mortgage lenders
Rob Thomas
September 2017

Charts the rise, fall and resurgence of specialist lenders and the emergence of “challenger” banks.

The new ‘normal’ — prospects for 2017
Rob Thomas
April 2017

The fourth in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

IRESS Intermediary Mortgage Survey 2017
April 2017

Insights into the changing shape of the lender broker relationship
Rob Thomas
February 2017

Summarises the views of leading figures from four mortgage intermediary firms and four mortgage lenders about how they see the current state of the intermediary/lender relationship and how this might evolve in the future.

Is the mortgage market working for consumers?
Rob Thomas
November 2016

Analyses whether the market is delivering appropriate access to credit, together with sufficient competition and transparency for consumers.

Working together
September 2016

An industry guide to lender and intermediary accountabilities and responsibilities in mortgage sales and servicing: updated to take account of the Mortgage Credit Directive

The politics of a rationed housing market
Rob Thomas
July 2016

Argues for a more joined-up approach to UK housing policy.

IRESS Intermediary Mortgage Survey 2016
May 2016

The new ‘normal’ – prospects for 2016
Rob Thomas
February 2016

The third in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

The changing face of mortgage distribution
Rob Thomas
December 2015

Charts the changing pattern of intermediated and direct mortgage business pre-and post- the financial crisis.

Segmenting the UK mortgage market
Rob Thomas
October 2015

Examines the key issues facing the main segments making up today’s mortgage market: buy-to-let, first-time buyers, home movers, re-mortgagers, lifetime mortgages and further advances.

Regulatory layering: assessing the cumulative impact of new financial regulations
Rob Thomas
June 2015

Analyses the cost of the regulatory changes brought in following the financial crisis and the impact these have had on the efficiency of the financial system and on the wider economy.

The new ‘normal’ — one year on
Rob Thomas
April 2015

The second in our series of annual reports looking at the outlook for the UK mortgage market in the coming year.

IRESS Intermediary Mortgage Survey 2015
March 2015

IMLA member and intermediary surveys — Intermediary Lending Outlook
February 2015

December 2014–January 2105 research

UK Election 2015 — Criteria for housing and mortgage policy pledges
January 2015

Summarises the key agendas for the political parties and politicians to address during the election campaign.

MIPRU Simplification
December 2014

Joint response by the Council of Mortgage Lenders and the Intermediary Mortgage Lenders Association to the Financial Conduct Authority Consultation Paper CP 14/28

Financial Conduct Authority Consultation CP 14/20 on the implementation of the Mortgage Credit Directive and the new regime for second charge mortgages
December 2014

A response by the Intermediary Mortgage Lenders Association

The changing face of non-standard mortgage lending
Rob Thomas
November 2014

Looks at the impact of the financial crisis on non-standard borrowers: the self-employed, those with adverse credit, those borrowing into retirement and those with complex financial affairs.

Intermediary Mortgage Industry Bulletin: Autumn 2014
October 2014

IMLA member and intermediary surveys — Intermediary Lending Outlook
October 2014

Q3 2014 research

The new macro-prudential regime: when and how will the Bank of England intervene?
Rob Thomas and Peter Williams
June 2014

Examines the housing and mortgage markets and the likelihood of the Bank of England using its new macro-prudential powers to curb the latter.

Working together
April 2014

An industry guide to lender and intermediary accountabilities and responsibilities in mortgage sales and servicing: updated to take account of the Mortgage Market Review

Reshaping housing tenure in the UK: the role of buy-to-let
Rob Thomas
May 2014

Analyses the growth in the proportion of private rented sector properties being acquired without a mortgage.

Intermediary Mortgage Industry Bulletin: Spring 2014
March 2014

What is the new ‘normal’? — Mortgage lending in 2014–15 and the march back to a sustainable market
Rob Thomas
February 2014

The first in a series of annual reports looking at the outlook for the UK mortgage market in the coming year.

IMLA member and intermediary surveys — Intermediary Lending Outlook
February 2014

January 2014 research

Intermediary Mortgage Industry Bulletin: Autumn 2013
October 2013

IMLA member and intermediary surveys — Intermediary Lending Outlook
July 2013

July 2013 research

Rebalancing the housing and mortgage markets — critical issues
Professor Steve Wilcox
June 2013

Contributes to the discussion between government and the industry about the future operating basis and assumptions for the UK housing market, and whether current government support for the housing and mortgage markets will move both forward on a stable and sustainable basis.

IMLA summary of “Rebalancing the housing and mortgage markets — critical issues”
June 2013

IMLA intermediary survey
August 2012

July 2012

IMLA member survey — The mortgage market in 2013
June 2012

IMLA intermediary survey
December 2011

Q4 2011

IMLA member survey — Expectations for the mortgage market by 2016
December 2011

Working together
October 2010

An industry guide to lender and intermediary accountabilities and responsibilities in mortgage sales and servicing