United Trust Bank’s intermediary survey has revealed the breakdown of business conducted by its brokers.
The development finance and bridging specialist discovered that in percentage terms (based on £ value) over the course of a year, commercial loans represented the biggest single type of business written at 29% but development finance was a close second place with 24%. Bridging loans and buy to let mortgages each represented 13% of business volumes.
Rob Love, head of bridging sales at United Trust Bank said:
“We conducted the survey so that intermediaries could help shape the future of our business. An essential starting point for us is to better understand which product sectors are most important to their businesses. I think the results re-enforce the message that bridging finance is an important part of a modern day broker’s armory. The figures show it to be as significant as buy-to-let. The Development sector has been and continues to be a key area of our business.”