As part of our expanding range of exclusive products, we are pleased to announce the launch of our new Blend Broker Sentiment Survey (BBSS), a tool designed to take the pulse of the development finance introducer market in order to help intermediaries support their clients. Responses to the Q3 BBSS were collected in mid-July among our network of introducers who responded to 12 questions about credit conditions from banks and non-bank lenders, their expected volume of loans in Q3, the outlook for the industry and major market headwinds.
75% of brokers expect credit conditions from lenders to tighten in Q3 2022
Source: Blend Broker Sentiment Survey
The ‘great tightening’
Tightening credit: The vast majority of brokers are concerned about tightening credit conditions as we head into Q3, but also over the longer horizon of the next 12 months.
Headwinds: Pretty much all brokers are anxious about the UK economic outlook and they expect their Q3 volume of business to be down or unchanged compared to Q2.
The rise of non-bank lenders: Brokers are planning to put through most of their loans to non-bank lenders as they expect banks to squeeze their appetites for LTV.
Register below to download the Q3 Blend Broker Sentiment Survey.
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