InterBay Commercial and Business Lending products have been added into the company's packages.
Michael George, managing director of Commercial Loan Company, commented: “Currently, 75 per cent of brokers handle residential mortgages while only 15 per cent deal in commercial mortgages but we expect this figure to change drastically through 2008.
"For the most-part, this disparity has been created as a result of commercial products gaining a reputation for being tricky and labour intensive to secure. With profit margins in the residential sector now impossibly low, however, brokers are more open to the opportunities that commercial property can offer clients. This is where Commercial Loan Company comes in…
“As specialists in the field, our knowledge and experience in the commercial sector, as well as our hands on approach – advising our clients at every point of the process – mean that we can add immense value for those looking to benefit from profits in commercial property. We can help make the required mortgage more accessible and less laborious for clients looking for options outside of the normal high street bank route.
“At Commercial Loan Company, we expect confidence in the overall property market to return in 2008 but we see the less competitive commercial sector as holding the most potential for growth. Our message to brokers that have previously dismissed commercial mortgages is to come and talk to us as I think they will be pleasantly surprised by what they find.”
