Having been in development for over two years, The Commerce Centre confirmed that it aimed to become the biggest non-regulated portal within the market.
register for the next forum
As part of its offering, The Commerce Centre will provide a portal for commercial mortgages, secured and personal loans and bridging and business finance.
Neil Harkin, managing director of The Commerce Centre, admitted he planned to see it become the largest portal in the market, backed up by good customer service. He explained: “We aim to have 2,000 intermediaries signed up by Christmas, and double this next year. During our pilot launch we added 800 brokers but our process has been built on making sure the portal was right for the market.”
download our news ticker
He admitted that secured loans were often shied away from by mortgage brokers, but that the portal would improve confidence.
Harkin added: “The portal gives the opportunity to develop relationships and look into new markets and if the markets do become Financial Services Authority regulated then they have a clear audit trail already set.”
Hugh Nichols, partner at Badbury Berkeley Financial Services, said: “It sounds like a great idea, but with some of the areas, such as commercial, you need a personal service, which this might not provide.”
find out more about this weeks industry news
