Although brokers regularly review their accounts, this is an opportune moment to revisit clients and discuss options with them.
Unlike other markets and industries that are taking a seemingly safe approach and sticking to what they know, the lending market is diversifying.
Specialist lenders for example are adapting and developing products that meet the needs of today’s property investors in a tough economic climate.
Products such as second charge commercial loans and mortgages are giving investors finance to expand their portfolios. Such products work well because they are often more flexible and can meet short-term financial needs.
A commercial loan works well not only for investors looking to diversify their portfolios but also for businesses, as it can be used for almost any purpose and repayment terms can be as short or as long as clients require.
Commercial loans are typically longer term but short-term bridging finance has become more common, giving a cash flow boost.
The economic climate might seem like another hurdle for investors to overcome, but if brokers can present all options to their clients, they can help to breathe more life into the market.