Overcoming Brexit uncertainty the biggest challenge for brokers

Mortgage Introducer

June 2, 2017

Brokers see the long-term impact of Brexit as their biggest hurdle this year, United Trust Bank research shows.

Property and asset finance intermediaries were asked what they see as their biggest challenges in reaching their business goals.

Two in five (41%) cited the long-term effects of Brexit, followed by increases to the cost of borrowing and inconsistent decision making from lenders (both 29%).

Fifth of brokers expect base rate rise by end of 2017

Harley Kagan, group managing director of United Trust Bank, said: “Uncertainty over the outcome of Brexit is understandable and unavoidable.

“Any event which brings significant change has the potential to increase caution and delay important decisions.

“However, as a bank which actively supports UK SMEs and smaller house builders, we believe the best way to show our confidence in UK PLC surviving and thriving through Brexit is to keep providing the funds which enable our vibrant SME sector to invest and grow and for builders and developers to construct thousands of much needed new homes.

“It’s important that those of us involved in asset and property finance continue to encourage ambition and enable it wherever possible.”

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