Nearly half (45%) of 117 brokers found that business levels and enquiries during the first half of 2014 exceeded expectations, according to a survey by United Trust Bank (UTB).
UTB found a further 42% of brokers had found business and enquiry levels to be around expected levels and just 12% said business was a little behind target.
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Nearly 8 out of 10 (79%) broker respondents, who operate in the bridging, development finance and asset finance sectors, believed they had started to see the effects of an economic recovery on their business and nine out of 10 (90%) described the outlook for their business for the remainder of 2014 as good or very good.
Harley Kagan, managing director of UTB said; "It’s great to see that the majority of brokers are still busy writing business and receiving plenty of new enquiries. Certainly at United Trust Bank there’s been no let-up in proposals or completions and the amount of money currently loaned to customers is at an all-time high.
"We’ve seen further growth across the development finance, bridging and asset finance divisions this year and have developed our teams accordingly to ensure that we maintain our high service levels."
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