Gavin Diamond

Almost 60% of brokers expect to see more bridging lender entrants in 2019




Some 59% of brokers believe that lender numbers and customer choice in the bridging sector will increase this year, according to a recent survey.

United Trust Bank’s (UTB) most recent broker sentiment poll revealed that 37% of respondents expected to see more development finance lenders emerge in 2019, while 36% predicted growth in the second charge loan sector.

Gavin Diamond, commercial director of bridging at UTB (pictured above), said: “Bridging finance has been a growth success story over the last decade, so it’s not surprising that brokers expect to see new lenders joining the sector this year.

“However, the economic climate could be decidedly unsettled for the foreseeable future and brokers and customers are likely to select lenders who can demonstrate experience of challenging markets and certainty of funding.”

He added that although “uncertainty still reigns”, UTB would continue to “develop great products” and find new ways to “make bridging finance cheaper”.

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