People's fate will depend on when rates start to creep down, and by how much, but this remains in the crystal ball for now.
But times are not bad, says Sykes. "Lenders are generally decent timescale wise at the moment, and they've got money to lend. So we're not in 2008 or anything like that, we're in a lot better position right now."
Article continues after advert
He adds: "It is a tougher time, brokers aren't earning as much as they have been used to over the past few years, but it's kind of a situation of weather the storm and things will be great again at any stage."
carmen.reichman@ft.com
Page 4 of 4
