Brokers optimistic about commercial mortgages

19 January 2011

Written by Jeni Browne

Directly authorised brokers are optimistic about the growth of their commercial mortgage business, it has been found.

New research from The Mortgage Alliance (TMA) revealed 20 per cent of intermediaries surveyed felt the sector would be an area of expansion.

Meanwhile, around two thirds of respondents were optimistic about the growth potential of their protection business and 28 per cent were confident about buy to let.

TMA's December distributor indicator found 38 per cent of brokers believe mortgage lending will rise in 2011 and 26 per cent felt house prices would increase during the course of the year.

Overall, 86 per cent of respondents said they expected business volumes to grow this year, although 57 per cent felt the borrowing of home loans would remain the same as in 2010 and 48 per cent predicted the value of homes will neither fall nor drop.

TMA was established in 1999 and has 3,500 directly authorised mortgage intermediaries as members.

Find out more on our commercial mortgages and how we can help you achieve your aims - enquire online.