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Commercial brokers “optimistic”: Shawbrook

Shawbrook Bank’s latest “Broker Barometer” report shows that seven in 10 respondents feel confident about the lending environment at the start of 2019.

The report also shows further optimism in that 56 per cent of commercial brokers asked felt hopeful about business growth in 2019.

Regarding specific challenges, Brexit was a shoo-in at 62 per cent, with valuation issues and the mortgage interest tax relief regulation coming in at 55 per cent and 39 per cent, respectively.

Looking back at 2018, the report reveals that 26 per cent of brokers claimed to have seen no change in business volumes from the year before, and 23 per cent reported an increase in volumes of 10 per cent or more.

Shawbrook sales director for Commercial Mortgages says: “Whilst Brexit still seems to be driving some uncertainty amongst the broker community, it’s encouraging to see from our research there is still confidence in the market looking at the year ahead.

“Professionalisation of the industry seems to be underpinning activity and continues to present a great deal of opportunity. We see professional investors and landlords working closely with brokers to build a sustainable business plan designed to withstand uncertainty, and in our view the BTL space remains fundamentally robust.”


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