Michael Fisher (pictured above) has joined the specialist finance distributor to help educate brokers about the advantages of development finance and highlight the opportunities available nationwide.
Michael will also be working with lenders to increase Crystal’s portfolio of finance providers, which currently stands at 30.
“Development finance has always been core to our business, and our own figures show a big upsurge in enquiries and applications since the turn of the year,” said Jo Breeden, managing director of Crystal.
“With Michael in place we are in the best possible position to further grow our market share in this rapidly evolving segment.”
Meanwhile, Michael felt that many people and businesses were looking to enter the development finance market due to the reduction in profitability for buy-to-let landlords.
This comes after United Trust Bank found 69% of development finance brokers expected to see a greater demand in the year ahead.
“Investors are looking for better yields and property development provides an attractive opportunity,” said Michael.
“Backed by parliament’s challenge and initiatives to the private sector to increase building to meet housing demand, small- and medium-sized developers – both first time and experienced – can see the huge potential.”
Leave a comment