CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow 38% of Brokers have a busy start to 2016
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
38% of Brokers have a busy start to 2016 PDF Print E-mail
Tuesday, 31 May 2016
38% of finance brokers operating in the fields of bridging, development finance, asset finance and mortgages have reported a busy start to 2016, according to new research from specialist lender United Trust Bank. 

A further 32% of brokers indicated that they’d received a good level of enquiries and just 10% reported lower levels of enquiries than they’d hoped for or that business was very quiet.

When asked to describe the outlook for the UK economy over the next three years the sentiment was broadly positive but the majority chose a more cautious ‘Fair’ prediction (63%) than the more upbeat ‘Bright’ (28%).

However, over a third (34%) of brokers felt that volatility in the financial markets could be detrimental to their business this year.

Harley Kagan, Managing Director of United Trust Bank, commented: “It’s encouraging to see that generally most brokers have had a positive start to the year and this reflects our own experience at UTB. Our Asset Finance division has been particularly busy, with business volumes in the first quarter of 2016 80% higher than in the first 3 months of last year. Our mortgages business has also had an exceptional start with volumes doubling since the start of the year.

“The EU referendum is just weeks away and uncertainty over the outcome is bound to cause some people to wait for the result before making important decisions about their businesses or their own finances. A vote to leave the EU could have repercussions for the UK economy for many years to come. But whatever the nation decides, SMEs, developers and homeowners will still need funds to invest in their businesses and their homes, and we will be here to support them.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197