Keith Sangwin

37% of asset finance brokers predict lender pricing increase




More than a third of brokers (37%) believe that there will be a lender pricing increase in the asset finance market within the next 12 months, according to the latest research.

In its broker sentiment poll, United Trust Bank (UTB) revealed that 14.5% of respondents thought that pricing in the asset finance sector was unsustainable.

Other highlights from the research included:

  • 71% of asset finance brokers were content with current lender pricing
  • 14.5% believed that pricing was currently too high
  • 43% expected lender pricing to remain about the same over the next 12 months, while just 20% thought it would decrease
  • high street banks were seen as the main competition, followed by other brokers, specialist lenders, businesses self-sourcing finance and vendor or sales
     

“It is apparent there’s still a need for volume, but as Brexit draws near … the impact of a potential no-deal Brexit may place us in uncharted waters,” said Keith Sangwin, head of sales for asset finance at UTB (pictured above).

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment