The findings come from intermediary lender, Platform, which surveyed 300 brokers and also found that after five consecutive quarters where broker confidence rose, July to September saw net confidence fall sharply.
The research also revealed that advisers have seen a reduction in re-mortgage business in the past three months and have been hit by the fall in products for self-employed people.
Lee Gladwell, business development director at Platform, said: “This new tracker acts as a forward looking indicator for the mortgage market by giving intermediaries a voice about their experiences with consumers.
“It shows that while broker confidence gained steadily over the past 12 months it has recently fallen back in the face of a number of challenges.
“As the majority of mortgages continue to go through intermediaries, issues that impact the sector will affect lending across the entire industry. Lender support for brokers remains vital in growing the market.
“With the economic environment uncertain and a wide range of complex product options, many consumers rely on the professional and trusted advice provided by intermediaries.
"We believe there remains an opportunity for the intermediary sector – brokers, distributors and lenders – to develop a clear definition of the high standards and benefits clients get from a mortgage intermediary and to help them really understand the advantages.”
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