Brokers tied on Brexit decision

Ryan Fowler

June 20, 2016

EU Brexit European Union

When it comes to brokers the ‘Leave’ and ‘Remain’ campaigns are neck and neck as we move into the final three days before the EU Referendum, a poll from United Trust Bank has found.

Over 200 finance brokers operating in the fields of bridging, development finance, asset finance and mortgages were polled last week and 45% said they would vote to remain, 45% would vote to leave and 10% are as yet undecided.

However, 46% of respondents indicated that they didn’t feel they had been given all of the information needed to make an informed choice and 25% of brokers felt that it was not right to hold a referendum at all and that the issue should have been decided by government and independent experts.

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Harley Kagan, managing director of United Trust Bank, said: “According to our new broker mini-poll, the referendum on the UK’s relationship with Europe couldn’t be closer. With the Remain and Leave votes so equally matched, the 10% who are currently undecided will tip the balance on polling day. However, time is running out for the Remain or Leave campaigns to make their case. For those brokers who believe the referendum has had an adverse effect on their businesses they will no doubt be looking forward to some clarity.

“However, what lies ahead remains uncertain. Change will continue to happen whatever the result on June 23, and builders, businesses and individuals will always look to strong and reliable lenders when they need funds to develop, invest and improve.

“They will also still need knowledgeable, professional advisors when trying to navigate their way ahead so if we continue to forge strong partnerships and remain committed to our customers, together we should have nothing to fear. After all, change can bring opportunities as well as challenges.”