Rob Barnard

Brokers confident about market prospects for 2020

Over three-quarters of intermediaries (77%) are confident about the specialist lending market’s prospects for the next 12 months, according to a recent survey.

Research from Masthaven revealed that this figure represented an increase of 26 percentage points since 2018. 

The study also revealed that 90% of the 217 brokers surveyed felt confident about their firm’s prospects for 2020.

Some 82% expected to see revenues rise in the coming year, with most predicting double-digit increases.

Almost a quarter of brokers (23%) stated that remortgage activity was the sector with the highest growth last year.

Elsewhere, 44% of intermediaries felt that Brexit was the biggest barrier to growth in the market.

Rob Barnard, director of intermediaries at Masthaven (pictured above), said: “Advisers have proved to be resilient to the pessimism and anxiety that’s characterised so much of the discussion over the past three years.

“Knowing these brokers are optimistic about the year ahead should fill both lenders and customers with confidence in the market and maintain the high expectations which the specialist market continues to deliver on, year after year.”

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