View more on these topics

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.”

Recommended

hand, shake

Shawbrook Bank adds new refurbishment costs option to STL range

Shawbrook Bank’s commercial arm has announced a ‘Lending for Refurbishment Costs’ add-on for its short-term lending range, allowing customers to borrow up to 100 per cent of refurbishment costs for a single large facility. Once agreed upon, the entire loan will be made available to the borrower on the first day, with the maximum amount […]

Shawbrook banks on growth with redesign

Shawbrook Bank has revamped its brand and launched a new website, as part of plans to grow its customer base. The challenger bank, which launched in 2011 offers mortgage products in a range of niche markets. The new website has been designed to cope with higher traffic volumes, while being easier to navigate for users. […]

Buy-to-Let Watch: Lenders relax after PRA jolt

Evidence suggests the industry is adapting to official guidance Since this is my first contribution to Buy-to-Let Watch, you could probably do with knowing a bit about me. I have been a broker for 17 years and am a landlord. I have oodles of experience. To kick off, here are my views on developments since […]

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]

Newsletter

News and expert analysis straight to your inbox

Sign up