Brokers are continuing to look to expand the range of products they offer, according to research from Blemain Group.
The survey showed that the main products brokers will be focusing on in the near future will be buy-to-let mortgages (61%), while 42% will be looking to offer bridging finance.
With 84% of brokers had seen an increase in business this year compared to 2012, 81% are also confident that they will continue to grow their business.
42% of brokers are also planning to focus on bridging finance, while 35% of respondents will be focusing on buy-to-let for the near future.
Gary Bailey, sales and marketing director at Blemain Group, said: “Our research shows that as confidence continues to return to the UK property sector, brokers show every intention of maintaining and building a wide range of products to cover the buy-to-let and short term finance sectors.
“The rising demand for bridging loans is also a sign that the speed of the property market is gathering pace, as rising competition for properties makes fast access to finance the difference between securing or missing out on a deal, particularly as many of these properties are now acquired at auction, and the purchase of the property must complete within 28 days.
“Demand for secured loans, which is a tried and tested way of property investors leveraging the capital within their portfolio to expand it further, continues to increase.
“As the recovery gathers pace many will be looking to act quickly to secure new property purchases before prices begin to rise significantly, and secured loans and bridging finance are an ideal choice for investors to keep ahead of the market.”
