Mortgages for Business joins select Base Commercial broker panel - 29.05.2009

Specialist Buy to Let mortgage and commercial mortgage broker and packager Mortgages for Business has been selected as one of only a small number of brokers to work with Base Commercial on its return to the UK lending market.

Base Commercial is working with a restricted panel of commercial brokers for the initial phase of its return to the market. It intends to focus on transactional activity and will deploy the resources of the initial panel brokers to vet and collate new applications on their behalf with a focus on application and credit quality prior to mortgage offer.

Rob Lankey, Director of Lending at Base Commercial said: “We asked Mortgages for Business to join the panel because of their proven knowledge, skills and professional approach to commercial lending. We believe that by working with reputable brokers like them, we can deliver a high quality service and maintain tight control over both the quality and volume of applications that we receive.”

David Whittaker, MD of Mortgages for Business said: “Base’s return to the market is hard evidence of ‘green roots’ supporting ‘green shoots’ and we are delighted to be playing a part in it. Base Commercial had developed very robust lending systems before their wholesale funding dried-up in July 2008. It’s a credit to both those systems and their management team that they are the first lender to return to the market.”

“We hope our reputation as a specialist brokerage - which has been recognised with industry awards from both What Mortgage and Business Moneyfacts in the last year - will give brokers confidence in dealing with Base through us. Brokers will want to know that our systems will enhance their ability to process commercial mortgages and we are still the only NACFB brokerage to have been awarded the Fellowship kitemark for its professional approach to all aspects of the mortgage process.”