The commercial mortgage provider is the first such lender to join RAMP’s panel increasing the numbers to 16 since the alliance’s launch at the beginning of the year.
RAMP will offer commercial mortgages with advances from £50k to £2 million, with a maximum 80 per cent LTV – although 100 per cent deals are available with additional security.
Commenting on the tie-up, John Rice, managing director of RAMP, said: “Commercial First gives RAMP members the opportunity to increase their presence in the commercial sector. There is a big opportunity as many of the owner-managed business market find accessing a term mortgage on a commercial property difficult or time-consuming.”
Stephen Johnson, sales and marketing director at Commercial First, said: “Self-employed and smaller business operations have found securing a commercial mortgage harder and harder. Many introducers work closely with this type of customer, and through RAMP can now offer a product to their clients.”
