Our Q1 2024 Pulse Survey, completed by broker firms, showed that:
45% of respondents had written more business overall last year compared to the previous 12 months
For first time property investors however, 37% of respondents had written less business compared to the previous 12 months
37% of respondents increased the size of their teams last year
45% of respondents believe the market will improve, with slightly higher business volumes, over the next 12 months
27% of respondents think that continued high interest rates is the biggest risk to their business levels in 2024
47% of respondents had used bridging for quick property purchases the most in the previous 3 months
31% of respondents believe the ability to provide bespoke solutions is the most important consideration when arranging bridging loans for their clients
HMOs were the most popular investment for their clients in the previous 3 months for 43% of respondents 
your-paragraph-text-(1)

Anna's insight

Anna Lewis, Commercial Director at Castle Trust Bank comments: "We know that 2023 was a difficult year for brokers, but there are clear signs of optimism for 2024 and beyond. I’m particularly pleased to see that almost half of respondents had seen business volumes increase last year despite the base rate reaching 5.25% in August, and a similar proportion  believe their business volumes will increase during 2024. With over a third of those surveyed seeing the size of their teams increase last year, the industry is well positioned to make the most of the opportunities that will arise this year with inflation falling, and the expectation that base rates should start to come down later this year."

Mortgages
This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Your clients’ property may be repossessed if they do not keep up repayments on a mortgage or any other debt secured on it. Loans are subject to status, terms and conditions.

Castle Trust Bank means Castle Trust Capital plc, a company incorporated in England and Wales with company number 07454474 and registered office at 10 Norwich Street, London, EC4A 1BD. Castle Trust Capital plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under reference number 541910. Buy to Let is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

© 2024 Castle Trust Bank. All rights reserved.

This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Please confirm that you are an intermediary before accessing information on this website.

Go back
Confirm
‚Äč