The survey showed that the main products brokers will be focusing on in the near future will be buy-to-let mortgages (61%), and over two fifths (42%) will be looking to offer bridging finance.
As 84% of brokers had seen an increase in business this year compared to 2012, it was unsurprising that 81% are also confident that they will continue to grow their business.
As the pace of the housing market has begun to increase alongside rising confidence, it is unsurprising that 42% of brokers are also planning to focus on bridging finance, a product that is ideally suited to providing fast, short-term lending for situations when time is of the essence whilst the longer term strategy is achieved.
Similarly, 35% of respondents will be focusing on buy-to-let for the near future, showing that demand from the buy-to-let sector is also set to continue its steady growth, despite the Government’s Help to Buy scheme.
Commenting on the research findings, Gary Bailey, Sales & Marketing Director, Blemain Group, said:
“Our research shows that as confidence continues to return to the UK property sector, brokers show every intention of maintaining and building a wide range of products to cover the Buy to Let and short term finance sectors.
"The rising demand for bridging loans is also a sign that the speed of the property market is gathering pace, as rising competition for properties makes fast access to finance the difference between securing or missing out on a deal, particularly as many of these properties are now acquired at auction, and the purchase of the property must complete within 28 days.
“Demand for secured loans, which is a tried and tested way of property investors leveraging the capital within their portfolio to expand it further, continues to increase.
“As the recovery gathers pace many will be looking to act quickly to secure new property purchases before prices begin to rise significantly, and secured loans and bridging finance are an ideal choice for investors to keep ahead of the market.”
