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Third of mortgage advisers think Brexit will have a positive effect

Almost a third of mortgage advisers believe that Britain’s exit from the EU will have a positive or very positive effect on their business.

This is according to a study of more than 700 advisers recently carried out by Mortgage Brain at one of its Mortgage Vision events.

Some 19% of participants said they felt that Brexit will have a negative or very negative effect on their business.

As you might expect, brokers’ feelings about Britain leaving the EU vary across the country.

In Newcastle, for example, 42% of respondents think that Brexit will have a positive or very positive effect on their business, compared to 18% of mortgage advisers in Leeds. 

More than a quarter of advisers in South West London (26%) and a slightly higher number in Manchester (28%) think Brexit will have a negative or very negative effect on their business. 

Half of the respondents in Birmingham (51%) and Wales (50%) predict that Brexit will have no effect and this figure is even higher in Winchester, Hampshire, with more than two-thirds (67%) holding the view that Brexit will have no impact.

“While the future is clearly uncertain, it’s good to see that - for the moment at least - advisors are simply getting on with the job of delivering professional advice,” comments Mark Lofthouse, Mortgage Brain chief executive.

“There are no apparent signs of panic and the majority of advisors believe it will either be positive or will not affect their business.”

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