Brokers are becoming increasingly pessimistic about future business levels, research shows.
In Q3 only 38% of brokers said they expected to see more business next year, compared with 58% in Q2 and 62% in Q1.
The research was carried out by Charterhouse Research, which interviewed 300 brokers.
Julie Irwin, director at Charter-house Research, says: “Brokers are working harder to write the same or fewer cases mainly because they are to-ing and fro-ing with lenders. This is why their outlook is less positive.”
The research also shows a modest rise in specialist lending. In Q3, specialist lending made up 20% of a broker’s overall lending, compared with 17% in Q2 and 14% in Q1 2010.