Abbey will provide TMO with a dedicated telephone service direct to Abbey commercial mortgages representatives, who will field all enquiries and put people in contact with their local Abbey Business Development Manager.
The relationship with TMO will strengthen Abbey’s presence in the intermediary market and reinforce its strategy of developing business through this channel. Abbey already serves a number of broker networks.
Mark Stephens, Head of Commercial Mortgages at Abbey, said: "We're very happy to be joining The Mortgage Operation's small, but elite panel of commercial lenders. Their business operations are impressive and they are highly respected, not just by Abbey, but throughout the industry, we look forward to working with them."
Richard Stokes, Product Development Manager, The Mortgage Operation said: ‘We have purposely kept our commercial panel small, aiming at quality rather than quantity. Abbey scored very highly on our rigorous selection criteria, offering fair terms, including unlimited overpayments and interest-only options, specialised underwriting, and breadth of offering across the whole commercial spectrum.”
