Brokers working more hours than average UK employee

The Office of National Statistics suggest the average working week between February and April this year was 37.5 hours.

Brokers working more hours than average UK employee

Nearly half of brokers (47%) in the property and asset finance field work almost 13 hours more than the average UK employee.

A survey by United Trust Bank (UTB) has shown that brokers in those fields are often working over 50 hours a week.

The Office of National Statistics suggest the average working week for a full-time UK employee between February and April this year was 37.5 hours.

The survey also showed that a third (33%) are working extra hours are being devoted to tasks that don’t drive revenue including regulation, accounting and infrastructure.

Harley Kagan, group managing director of United Trust Bank, said: “Brokers are working harder than ever to help their clients source and secure the funds they need to invest and grow.

“At UTB we’ve also had a busy first half of 2017 and we’re no strangers to long hours ourselves.

“Our aim is to continue to be a reliable and efficient lender helping broker partners to work smarter not harder.”