A further one in ten believed that the market would benefit should development finance cases become fully regulated.
However, nearly 75% of brokers surveyed have claimed that a lack of understanding and flexibility from lenders is still a major issue when it comes to gaining access to finance for their clients.
Commenting on the results of the survey conducted at their seminar in conjunction with NACFB James Bloom, CEO of Regentsmead says:
"Following the tremendous success of yet another well attended Regentsmead event, our survey concluded that most brokers in the room felt that a slow response level coupled with a lack of flexibility from lenders was their biggest challenge when gaining access to finance for their clients."
"Rather more promisingly, the general sentiment in the room was largely positive with regards to housing market and wider economic growth in the next five years. Brokers are looking at various different avenues as a way of sourcing new business. It is our mission to be different from the high street lenders by applying our expert knowledge of developer finance we can help our highly valued introducer partners reap the rewards from a tremendously buoyant market."
Russell Martin, Principal of Finance 4 Business says:
"As market conditions improve and confidence returns more and more lenders are coming to market supported by investors keen to secure a good rate of return whilst interest rates are low. Just because a lender has funds available it does not mean they have the experience, knowledge or technical ability to complete transactions in line with clients and introducer requirements.
"If a broker requires consistency in completing deals in a timely fashion there can be no substitute for dealing with a lender with specialist knowledge of the section in which they operate. Without question Regentsmead set the bar for development finance with few underwriting layers and unrivalled expertise."
