82% of brokers predict bridging growth in 2012
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Some 82% of brokers believe the short-term lending market will grow in 2012, according to research from Precise Mortgages.
The majority of those asked said they believed the growth would be driven by continued restrictions in the availability of finance from high street banks.
In addition, 56% of respondents said they believe more brokers will start to operate in the short-term lending sector next year.
And 69% believe that high street lenders are deliberately restricting business via intermediaries.
Alan Cleary, managing director of Precise, says: “We are going to continue to speak out on behalf of the mortgage intermediary as there is going to be a battle with high street lenders over the next few years for market share.
“Despite the intermediary share of mortgages dropping below 50% for the first time in several years, brokers are still optimistic about the mortgage market in 2012.”
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