Tenet Lime’s second half year survey was conducted with intermediary business owners over May and June and involved over 25 indepth telephone interviews.
Of those who answered the survey 55% were DAs and 45% ARs. Around 80% of the companies interviewed have 3 employees or less. Less than 10% of respondents are current members of the Tenet Network.
Regulatory pressures too have taken a back seat in terms of costs to broker businesses but have been replaced with the price of petrol, other taxes and PI costs.
Commenting Gemma Harle said: “This is our second survey of brokers and the raising of concerns such as first-time buyers illustrates brokers have moved beyond merely surviving and are looking at the bigger picture and what needs to be done at a strategic level. The research shows there is undoubtedly more confidence in the future.”
The next Tenet Lime Mortgage Broker Business Survey will take place in November 2011.
