58% of brokers have described the government's performance during its first 100 days in office as 'good' or 'excellent' according to a United Trust Bank survey.
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div>58% of brokers have described the government’s performance during its first 100 days in office as ‘good’ or ‘excellent’ according to a United Trust Bank survey...
The latest figures revealed that brokers were confident of a surge in bridging after the general election.
Harley Kagan, Managing Director of United Trust Bank, said in the lead up to the general election the Conservative Party had won the overwhelming support of brokers for appearing to back business and the property market.
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Harley Kagan, Managing Director of UTB
“Now, following their first three months as a majority government, most brokers are happy with how they’ve started their term in office,” said Harley.
He added that the UK economy had remained stable since the election and found that most brokers he had spoken to were on track to meet their targets for this year.
Despite this, Harley said he wanted to see more leadership from the government, especially in the housing market.
“For example, the relaxation of the planning rules surrounding permitted development has led to opportunities for developers to quickly progress office to residential conversions,” said Harley.
“However, uncertainty over what happens post May next year, when the order expires, is preventing developers from starting any substantial new projects. That’s frustrating when we’re still eight months from the deadline.”
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