As revealed in Mortgage Introducer, the new company will be based in Gateshead and will offer a range of commercial mortgages and finance to businesses who may not meet the strict criteria imposed on them by high street banks and building societies.
Gary Forrest, sales and marketing director at HSHL, said: "This is part of the process that turns High Street Home Loans into a name that is recognised by the consumer and the business community for delivering quality service and products that cater for a wide variety of needs. We have come a long way in a relatively short period of time. There is strong demand out there among members of the business community for bespoke commercial products – and it is this demand that the new company will be catering for."
