Assetz Capital has been collaborating with the Fundbay team in the development of a new proposition for commercial mortgage brokers for a number of months. The new marketplace created for the broker industry by the Fundbay platform will be 'more efficient for clients and brokers who are unable to place loan enquiries through their normal channels'.
The five new commercial mortgage products will aim to help the following: first time commercial property investors who have BTL experience or other mitigants; older borrowers (80+) who borrow through corporate vehicles; pension scheme (SIPP and SSAS) borrowers; public house private operators; and investors buying vacant or low yielding commercial property but supported by additional borrower income.
Stuart Law, CEO of Assetz Capital, said:
“Whether you are a borrower or a lender, the property market has numerous opportunities which have traditionally only been an option for a privileged proportion of the UK population. As an agile and flexible alternative lending provider, we are able to see gaps and act upon them rapidly.
“Our widened range of commercial mortgage products are a result of identifying a need, and plugging those gaps which will inevitably lead to more businesses benefiting from available finance.”
