It also found that 49 per cent think house prices will fall and 43 per cent think they will remain stable.
IMLA says intermediaries’ relationships with lenders remain good, with generally high levels of satisfaction over service and growing use of technology.
A majority of respondents believe business levels will be broadly stable or will decline by up to 10 per cent. On average, volumes are expected to fall by 5.9 per cent.
IMLA says 60 per cent of brokers said service was excellent or good.
The trade body says technology continues to play a steadily increasing role in the dealings between intermediaries and lenders. 65 per cent of cases are currently submitted online, and brokers expect this to increase to 74 per cent in 12 months time.
Executive director Peter Williams says: “The findings of the survey show intermediaries as realistic but not unduly disheartened. They recognise that mortgage volumes will be lower in the year ahead than they have been in the past and that they need to adjust their business models accordingly – for example relying on technology to a greater extent to handle applications.
“House prices are expected to see a modest correction, but in the absence of forced sellers in the market place, they do not anticipate a major collapse in property values. These more positive perceptions contrast with the more negative commentary that currently dominates the market and reflects the fact these are locality based views. ”
Williams adds: “In the current market place, it remains essential that intermediaries continue to work to provide high quality support to their customers by providing appropriate advice and helping them search the market and secure the mortgage or remortgage they require. Going forward this is going to be ever more important.”