Both Matthew Wyles group distribution director at Nationwide and David Finlay, intermediary channel director at Barclays, said gross lending next year would be between £130bn and £135bn.
Finlay said: “Everything we’re looking at is telling us that but we’re not even sure how this year will finish so we may actually see the worst year this year.”
And Wyles said: “I think it’ll be as flat as a pancake this year and next. There might be some stimuli next year but there will also be some headwinds and it’s really hard to see how this market is going to grow net lending.”
But Mike Jones, director of intermediaries at Lloyds Banking Group, said LBG was “more bullish” for both this year and next.
He said: “We’d be a touch higher for this year at £137bn. Looking into next year, economically it looks a very similar year especially with the European factor. But one thing is different.
“The level of maturities for existing products into SVR is about £25bn extra next year than this year. The question is how much of that might trigger a bit more activity in remortgage.”
