The majority of brokers operating in the bridging sector expect to increase their bridging business volumes in 2015.
New research, carried out by United Trust Bank, has shown that 73% of brokers expect to complete more bridging business over the next 12 months with a further 22% expecting levels to stay about the same.
The research also found that nearly half (47%) of respondents completed between £1m and £10m of bridging business in 2014.
Bridging finance brokers’ 2014 business volumes:
|Total value of deals placed||Up to £500k||£500k to £1m||£1m to £10m||£10m to £20m||Over £20m|
|% of brokers||16%||22%||47%||6%||8%|
Alan Margolis, Head of Bridging at United Trust Bank, said;
“It is clear that the positive sentiment in the short term bridging market has carried over from last year with expectations high for 2015. Barring something major unforeseen, and notwithstanding the natural degree of uncertainty likely to be caused before, and possibly after the General Election, the Bridging Department likewise expects continued solid growth in the sector and for our business , although not necessarily at the same level that we saw in 2014.
“We welcome competition as a driver of standards and choice for brokers and their customers. UTB remains committed to providing high standards of service allied to competitive rates and products and this will be the basis upon which we will continue to grow our business in 2015.”