Around 41 per cent of brokers expect their business volumes to increase in the next 12 months, according to a lender survey.
A survey of around 500 brokers by Pepper Money found that 26 per cent thought their business volumes would stay the same, whilst a third thought their business volumes would fall.
The report continued that around 10 per cent thought their business volumes would “increase noticeably” in the next year.
However, around 61 per cent of brokers think property prices will decrease in the next year as uncertain economic environment and the cost of living crisis impact the housing sector.
‘Brokers are bullish’
Ryan Brailsford, business development director at Pepper Money, said: “The economic outlook may be uncertain, but brokers are bullish about their prospects for the year ahead and, in many respects, this is for good reason.
“Any forward-thinking business has the ability to thrive even when the macro-environment is challenging and, while overall lending volumes may fall in the next 12 months, the cost-of-living crisis means the number of customers with specialist circumstances is continuing to grow.”
He added: “Financial advice will be vital for this growing group and brokers have a great opportunity to help people continue to achieve their goals, even amidst the economic turbulence, through professional, people-focused advice and access to specialist lenders like Pepper Money.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
