Applicants with an adverse credit rating or who have been in arrears will also be considered.
Commenting on the launch, Martin Maynard, Mortgage Next’s managing director, said “The demand for commercial loans is growing quickly and an increasing number of advisers had been approaching us looking to obtain this type of product. Our agreement with Commercial First enables us to increase the range of products we offer intermediaries and more importantly makes it easier for them to offer clients a fast and efficient service.”