Stats

60% of brokers predict to exceed 2016 expectations




Nearly two-thirds of brokers expect their business levels to have exceeded their plans for 2016.

New research from United Trust Bank found that 14% of property finance, asset finance and professional loan intermediaries rated their 2016 performance as “excellent”, while a further 46% indicated that by year end their figures would be “above plan”.

Meanwhile, some 32% expected to finish 2016 “on plan” and just 8% believed they would fall short of their targets.

Harley Kagan, group managing director of United Trust Bank, commented: “2016 has been an extraordinary year in many respects.

“If anyone was looking for an excuse to post a poor set of figures in 2016, there would be several to choose from. 

“However, UK brokers have shown their resilience by shrugging off the challenges thrown at them and a clear majority have either performed as well, or better than they expected to.”

UTB reported that it had also seen strong performances across its own lending divisions, with some being rated as “outstanding”. 

Despite this success, Harley admitted that 2017 threatened to bring further uncertainty to the specialist lending market.

“With the process of exiting the EU likely to start in the spring, and an unpredictable US president being sworn into office in the new year, 2017 will take us into uncharted waters.

“More uncertainty lies ahead, but if 2016 has shown anything, it’s that brokers and lenders can succeed even in the most challenging of circumstances if they work together.”

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