Brokers to focus on commercial finance in 2013
Commercial finance is set to be a major source of business for brokers, according to figures from Lancashire Mortgage Corporation.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The figures show that although high street lenders are still restricting lending to businesses, there is still a high demand for commercial finance.
According to the survey, a further 51 per cent of brokers plan to diversify into commercial finance over the course of the year, evidence of the increased potential this sector offers.
Gary Bailey, sales and marketing director for Lancashire Mortgage Corporation, said:
“Business owners are still looking for the appropriate finance to grow their business and bridging finance and commercial secured loans are becoming more appealing to them.
“Brokers are responding to this demand and adding commercial finance to their portfolio, which will be welcome news to many businesses.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Budget
Budget: Government confirms details of 2.5% deposit first-time buyer scheme
State Pension
Budget: Government confirms state pension tax protection
FCA
FCA restricts six lenders over anti-money laundering concerns
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Budget
Budget: Government reduces Lifetime ISA withdrawal charges ahead of new FTB ISA launch
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
