The lender believes that this level of realism will put brokers in a solid position to weather the storm going forward, with the subsequent need for business diversification beginning to spread out to smaller firms.
Anthony Radford, sales director at GE Money Home Lending said brokers needed to capitalise on lender support to make the most of all available options going forward.
He added: "We have already witnessed a number of brokers who are taking the initiative to offer both first and second charge loans, with some going further such as sourcing overseas mortgages for clients."
The research showed that a complete overhaul of a brokerage's existing business structure is definitely on the cards for most, with only 7 per cent admitting they had no plans to implement changes.
