One of the most interesting trends we see through the responses to our Q4 Blend Broker Sentiment Survey is the increasing appetite for non-bank lenders. Not only are brokers planning to put through an increased amount of business to non-bank lenders in absolute terms, but also compared to their responses to our Q3 survey, we see an increased appetite for non-bank lenders.
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Most brokers expect credit conditions to be tighter over the next 12 months
Source: Blend Broker Sentiment Survey
The ‘great tightening’
Tightening credit: The broker community is feeling noticeably more bearish about the credit outlook.
Headwinds: Nearly 60% said they would describe the outlook for the UK economy going into Q4 as negative.
Looking for the smart lenders: Two in three brokers said the main reason they would use a non-bank lender is their greater understanding of development finance.
Blend is a specialist development finance lender that works with experienced mid-sized property developers in the UK.
For more information, please visit www.blendnetwork.com or email us at [email protected]
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