Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
The annual Shawbrook Broker Barometer reveals positive sentiment for 2018Despite commercial mortgage brokers surveyed citing Brexit as one of the biggest issues likely to impact their clients in 2018, respondents were overwhelmingly upbeat about the year ahead. Just under four fifths (78 percent) stated that they feel confident about the lending environment in the forthcoming year (up from 72 percent in 2017**), according to Shawbrook Bank’s annual Broker Barometer*.Other key findings from Shawbrook’s Broker Barometer:
Karen Bennett, Managing Director – Commercial Mortgages states: “Despite some of the uncertainties surrounding the PRA changes and the possible impact of Brexit, it is encouraging to see so much positivity in the commercial mortgage broker market when looking at the year ahead. It’s also fantastic to see so many brokers reporting such encouraging results in business volumes, demonstrating the robustness of the commercial mortgage market”.This infographic has additional insights:Here is a reprise of our recent interview with Shawbrook M.D. Stephen Johnson on the three things landlords should focus on in 2018:It would be good to hear from some of the brokers that frequent PT how they are feeling about 2018.SEE ALSO - Reasons I am feeling positive about BTL!UP NEXT - Landlord planning - list of eventualitiesDON'T MISS - Understanding the impact of PRA on landlordsNOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
These brokers are seriously deluded!
S24 will reduce their business
No new business just existing LL chasing around to replace existing mortgages.
Market share will just swap about between existing lenders who will have to offer far lower rates to entice LL to jump ship to them.
If BTL lenders wish to retain business they need to stop offering all these stupid teaser rates and offer 10 years or more decent tracker rates
Say about 1.5 % ABBR differential.
There wiLL be very little new BTL business. S24 has caused a dying market.
Not many will invest as companies.
They just won't bother.
I predict ever shrinking business as capital deserts the PRS
Lenders need to realise that in light of the PRA teaser rates have had their day.
If lenders want to retain clients then low rate tracker rates are the only way to maintain market share.