MBE19: Bridging market remains optimistic despite Brexit
The bridging industry is optimistic despite Brexit uncertainty, a panel at MBE London have concluded.
Scott Marshall, managing director at Roma Finance, said: “As far as we’re concerned Brexit is a non-issue.
“Last month was our best record month of lending and this month will be a good month and next month another record. We don’t see it affecting us. For us it’s business as usual.”
Mike Underwood, sales director, Bridging Vat, added: “As long as there’s entrepreneurial spirit we don’t see it having a great deal of effect.”
Kay Williams, regional sales director for the North of England at Ultimate Finance, emphasised that the UK is a strong economy and despite the political uncertainty can bounce back.
Paul Darwin, consultant at Blacks Solicitors, said that his only concern is at the moment is there is a lot competition which pushes lenders up the risk curve.
Darwin said: “It’s a question of balancing appetite for market share with those risks.”
The panel spoke at today’s Mortgage Business Expo at The Barbican Centre.