70% of brokers warm to alternative lending

70% of brokers warm to alternative lending




According to Dragonfly Property Finance, 70 per cent of brokers surveyed feel more comfortable arranging short and medium term loans than they did a year ago.

According to Dragonfly Property Finance, 70 per cent of brokers surveyed feel more comfortable arranging short and medium-term loans than they did a year ago.  

It was also revealed that more than four in five brokers believe the buy-to-let market will continue to strengthen throughout 2015.

Three quarters of the 200 UK-based brokers in the survey, believe that UK property prices will finish the year higher than the end of last year.

Head of Sales and Marketing at Dragonfly Property Finance, Mark Posniak, feels brokers are backing buy-to-let and is encouraged by brokers being more at ease with alternative finance.

“What’s also encouraging is that more than two thirds of brokers are now much more comfortable with alternative property finance — this demonstrates exactly how much this area of the market has matured in recent years,” said Mark.

“The lenders that emerged in the aftermath of the GFC have shown they are in it for the long-term and this is clearly generating a lot more trust in the broker community.”

Those surveyed also believe the property market will continue to rise despite the new mortgage rules introduced last year.

“Although they believe the new mortgage rules will make for a slightly more conservative lending environment, overall there’s a lot of confidence in the market right now,” added Mark.

“Brokers, quite clearly, are backing buy-to-let to outperform during 2015 and believe that the broader residential market will also continue to rise.”

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