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TODAY'S OTHER NEWS

Most brokers want to stay in EU

As the Brexit referendum moves closer a new poll shows that the majority of brokers would like to remain part of the European Union.

Although brokers are split on what will happen to property prices if the UK does leave the EU, although a majority believe that interest rates would be forced up.

Some 57% of brokers surveyed by bridging loan lender MTF said they would like the UK to remain part of the European Union, while 29% would support an exit.

The remaining 14% of brokers surveyed were unsure which way they would vote.

MTF’s quarterly Broker Sentiment Survey highlights some of the growing uncertainty from brokers surrounding a potential Brexit.

It showed that 28% think property prices will rise if Britain leaves, with the same proportion saying that prices will not be affected by an exit.

Some 44% of brokers were undecided if property prices would rise if the UK becomes independent.

The survey also showed that 57% of brokers believe interest rates will rise if the UK becomes independent from Europe.

Tomer Aboody, director of MTF, said it is difficult for both brokers and lenders to prepare for the challenges that would follow exit of the European Union.

“So much still remains unclear. For MTF, the key is to remain flexible, proactive and pragmatic, whatever the outcome.”

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