Positivity Amongst Commercial Mortgage Brokers
Shawbrook Bank’s Broker Barometer has revealed a lot of positivity amongst commercial mortgage brokers here in the UK about 2020. It could be argued that this sort of news bodes well for businesses seeking finance whether it is by way of a commercial mortgage or some other form of funding such as a business loan.
It is good to hear that 67% of commercial mortgage brokers felt positive about lending next year. We are sure that you will agree the above is a good percentage.
Another positive statistic to come out of the above barometer was that around 25% of such brokers felt that they had not witnessed any alteration in the volume of business they had processed so far this year even with the Brexit situation causing unrest within politics.
It was pleasing to read that 25% of those taking part in the survey had witnessed a rise in the volume of business so far this year of 10% plus in comparison to last year. More pleasing is the fact that 22% of people taking part in the survey had seen an increase of 20% plus in volumes of business.
There are so many providers of commercial mortgages and business loans these days that the business owner is almost spoilt for choice. Yes, many business owners still approach their business manager with their high street bank if they are looking for medium or long-term finance but there are other options as well. There are numerous specialist providers of business finance many of whom can be easily accessed via the Internet. There are also peer to peer lending platforms.
If you are seeking new funding or are considering re-financing existing business borrowing then why not give us a call and we will be pleased to refer you to a specialist, competent commercial mortgage broker who has many years experience in helping business clients source suitable finance from an extensive panel of competitive lenders.