Commercial News

Commercial brokers remain optimistic about business in 2019

Rozi Jones -
|
10th January 2019
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"Professionalisation of the industry seems to be underpinning activity and continues to present a great deal of opportunity."

Commercial mortgage brokers remain optimistic about their businesses in 2019 despite political uncertainty, according to Shawbrook research.

Despite commercial brokers surveyed citing Brexit as one of the biggest issues likely to impact their clients in 2019, respondents remained upbeat about the year ahead, with 69% stating that they feel confident about the lending environment.

The survey also found that over half (56%) of brokers feel confident about business growth in 2019.

26% saw no change in business volumes in 2018, despite ongoing political uncertainty and 23% have cited a healthy 10%+ increase in business volumes in 2018, compared with 2017.

The top three challenges that the commercial mortgage brokers surveyed expect their businesses to face in 2019 are the impact of Brexit (62%), valuation issues (55%) and Mortgage Interest Tax Relief (39%).

Emma Cox, ‎sales director for commercial mortgages, commented: “Whilst Brexit still seems to be driving some uncertainty amongst the broker community, it’s encouraging to see from our research there is still confidence in the market looking at the year ahead.

"As outlined in Shawbrook’s latest BTL Report, professionalisation of the industry seems to be underpinning activity and continues to present a great deal of opportunity.

"We see professional investors and landlords working closely with brokers to build a sustainable business plan designed to withstand uncertainty, and in our view the BTL space remains fundamentally robust.”

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