The first half of 2013 was ‘busier than expected,’ according to 44% of brokers in a survey by UK lender, United Trust Bank.
A further 37% said that business levels had been about what they expected them to be.
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As a result, two-thirds of those surveyed said they were planning on expanding their businesses in 2013, and three-quarters expected business levels to increase for the remainder of the year.
Just 36% believed that there would be an easing of credit availability this year, with 86% predicting an unchanged base interest rate for the remainder of 2013.
Harley Kagan, managing director of United Trust Bank, said the survey reflected his experience, and added: "Our development finance lending is almost certainly going to exceed our 2012 total by the midway point of 2013 and our bridging and asset finance departments have seen marked increases in the number of proposals received as well as an increase in the size of the facilities being sought."
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By GlobalData
