Brexit impact yet to be seen in bridging, claims Stephen Johnson
By Tom BelgerDemand for property finance is expected to remain positive despite homeowners becoming more cautious following Brexit, according to Stephen Johnson, deputy CEO and managing director of property finance at Shawbrook
Speaking exclusively to Bridging & Commercial, Stephen explained the impact the EU referendum decision would have on the bridging finance and commercial mortgages market.
“While the impact of Brexit on the bridging finance market remains to be seen and it is still quite early to spot any concrete trends, as yet we have seen little change in behaviour from investors.
“We believe that there are still opportunities for investors with well-balanced portfolios and a sensible, long-term approach to gearing, and according to our research the professional investor community remains confident about the future.”
Stephen also reported that he was seeing little change in behaviour from investors in the commercial mortgages space.
“After the slowdown caused by the summer break, Shawbrook’s property finance division expects that professional investors are likely to remain positive even if the average homeowner may be more cautious.
“We may see some further pricing compression across residential and commercial security, especially across prime London, however, this could be a natural correction given where the market was pre-Brexit.”
Stephen’s comments come after Shawbrook released a number of videos available to property professionals explaining the impact of Brexit so far.
Shawbrook has also produced detailed videos on the impact of Brexit on landlords as well as the pricing landscape post-Brexit.
To watch these videos, visit the bank’s own YouTube channel Shawbrook TV.
Keywords: Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, Brexit, Shawbrook Bank, Property Finance, Stephen Johnson, Commercial Mortgages