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Brokers say 2016 was a successful year

Brokers say 2016 was a successful year

The majority of brokers look set to have a successful year, with 60 per cent expecting their business levels to exceed their plans for 2016.

In their most recent broker poll, which had more than 160 responses, United Trust Bank asked brokers and intermediaries how they felt they were likely to finish the year.

Some 46 per cent reported that by the end of the year their firm’s figures would be “above plan”.

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Meanwhile 32 per cent expected to finish 2016 “on plan” and just 8 per cent thought their firm’s performance would fall short.

Harley Kagan, group managing director of United Trust Bank, said: “2016 has been an extraordinary year in many respects.

“If anyone was looking for an excuse to post a poor set of figures in 2016 there would be several to choose from.

“However, UK brokers have shown their resilience by shrugging off the challenges thrown at them and a clear majority have either performed as well, or better than they expected to.

“This reflects our own experience where we have seen strong performances across the lending divisions of UTB with some being outstanding.”

Although brokers were given the option to indicate they’d had a “terrible” year, none did.

Meanwhile 14 per cent of brokers and intermediaries working in the fields of property finance, asset finance and professional loans rated their 2016 performance as “excellent”.

damian.fantato@ft.com