Commercial First is the market leading, award winning specialist commercial mortgage lender delivering simple business mortgage solutions for small and medium-sized business borrowers. Working exclusively with intermediaries, our process focuses upon simple and quick delivery together with a commitment to transparency.
Mortgage intermediaries can receive up to 1 per cent or 1.5 per cent in uncapped commission for either packaging to us or by referring an enquiry to one of our key business partners.
Products and services
We publish clearly defined mortgage criteria that enable intermediaries to identify for themselves the pricing of each application. This is supported by an online decision-in-principle facility that will return an indicative terms letter within two hours. By establishing centralised mortgage processing we have completed applications within 24 hours of first receiving the application, and while this is not standard, we regularly complete transactions within three to four weeks.
In September 2006, we launched two new product ranges designed to cater specifically for the differing nature of owner occupied and investment properties. Our business mortgages now cater for clients with no accounts or who need to self-certify their income, as well as clients with clean or adverse credit history. In addition, we have a simple investment range that caters for the commercial landlord, offering interest only for the full term of the mortgage as long as a simple market rent cover is satisfied.
Specific product highlights include:
- Variable or fixed rate mortgages.
- Up to 85 per cent loan-to-value (LTV) (100 per cent with additional security).
- Variety of interest only options available.
- Margins from just 1.65 per cent above LIBOR.
- Mortgage terms from 10-30 years.
- Self-certification of income available.
- Catering for a wide range of credit profiles.
- Farms.
- Pubs/ bars/restaurants.
- Retail units/retail units with living accommodation.
- Small hotels/guest houses/holiday lets/B&B’s.
- Industrial units/factories/offices/
warehouses
Success at the recent National Association of Commercial Finance Brokers (NACFB) Gala Dinner Awards has lent further weight to the fact that more and more intermediaries are looking toward the commercial market as a potentially lucrative income source. Commercial First topped the
NACFB member poll as Specialist Lender of the Year, for the fourth year running, and Commercial Mortgage Provider of the Year for the second year running. In the face of increasing competition we are committed to a continual focus on innovation to provide our intermediary partners with market leading products and the highest levels of service.
With over 125 staff, including a field sales team of 20, we are dedicated to the intermediary market and have built a commercial lending company around the needs of brokers and advisers. Call us today on 01277 359 260 and start working with the recognised market leader to see how we can help grow your business.
