The mortgage market has experienced significant movement in the first quarter of 2026, with notable changes among major networks. This heightened activity reflects ongoing shifts in adviser affiliations, impacting both brokers and clients navigating the current market.
What are the key changes in the mortgage market?
In Q1 2026, several mortgage networks reported varying outcomes in their adviser firm counts. The wealth manager with the largest number of firms recorded a net loss of 50 firms, equating to a 1.9% decrease, bringing its total down to 2,685. Other networks like Quilter and Primis also saw declines, with net losses of 27 and 19 firms, respectively. Dragon Brokers faced the steepest percentage drop, exceeding 22%.
Which networks gained the most in the mortgage market?
Amidst the losses, Stonebridge and HLPartnership emerged as the leading networks, each gaining 19 firms. Valid Path saw the most significant rise in the league table, moving from 14th to 9th place, despite its primary focus on the wealth sector. Sesame also made strides, adding 17 firms in just the first quarter, surpassing its total gains from the previous year.
What factors are influencing changes in the mortgage market?
Several key factors are driving these shifts in the mortgage market. Heavy investments in technology and operational infrastructure by networks like Primis, Mortgage Advice Bureau (MAB), and Openwork are enhancing adviser support, which is vital as competition intensifies. Additionally, the recent sale of Best Practice IFA Group to Nuveen Partners may lead to further changes in the network dynamics.
What does this mean for mortgage brokers and clients?
For mortgage brokers, the competitive environment means that networks must continue to provide added value to retain and attract advisers. This could lead to improved support and resources for brokers, which may ultimately benefit clients seeking mortgage advice. As adviser movement remains active, borrowers and investors should stay informed about which networks are gaining traction and how this might affect their mortgage options. For those interested, reviewing current mortgage rates can provide insights into available products.
Frequently asked questions
How does adviser movement impact the mortgage market?
Adviser movement can lead to shifts in service quality and availability, affecting borrowers’ access to mortgage products and advice.
What should brokers consider in this competitive market?
Brokers should focus on networks that offer robust support and technology investments to enhance their service offerings and remain competitive.