Shawbrook reports positive outlook from brokers despite Brexit concerns17 January 2018
The annual Shawbrook Broker Barometer reveals positive sentiment for 2018.
Despite commercial mortgage brokers surveyed citing Brexit as one of the biggest issues likely to impact their clients in 2018, respondents were overwhelmingly upbeat about the year ahead. Just under four fifths (78 percent) stated that they feel confident about the lending environment in the forthcoming year (up from 72 percent in 2017**), according to Shawbrook Bank’s annual Broker Barometer*.
Other key findings from Shawbrook’s Broker Barometer:
- The wave of positivity continues with 27 percent of respondents citing a healthy 30 percent plus increase in business volumes in the second half of 2017, compared with 2016.
- 69 percent of brokers stated they feel confident about business growth in 2018.
- The top three challenges that the commercial mortgage brokers surveyed expect their businesses to face in 2018 are lending restrictions (26 percent) regulatory change (25 percent) and valuation issues (16 percent).
Karen Bennett, Managing Director – Commercial Mortgages states: “Despite some of the uncertainties surrounding the PRA changes and the possible impact of Brexit, it is encouraging to see so much positivity in the commercial mortgage broker market when looking at the year ahead. It’s also fantastic to see so many brokers reporting such encouraging results in business volumes, demonstrating the robustness of the commercial mortgage market”.
The full Broker Barometer is available to read here.
* Shawbrook Broker Barometer 2018 - Survey with 211 respondents that took place in November 2017.
** Shawbrook Broker Barometer 2017 - Survey with 366 respondents that took place in November 2016.