Commercial mortgage market 'may be looking up'

28 April 2011

Written by David Whittaker

There are signs the commercial mortgage market may be growing, with lenders increasing their headcounts and branching out into the business of offering firms property loans.

Phoebus Software's managing director Paul Hunt wrote in an article for Mortgage Strategy that the hiring of staff by providers seems to go beyond simply replacing personnel that were made redundant during the recession.

He noted that Aldermore has taken on further senior employees in its commercial mortgage department recently, Whiteaway Laidlaw Bank is to begin lending property loans to businesses and Crown Mortgage Management has acquired a servicing team that specialises in this area.

Furthermore, Blemain Finance and Brightstar Financial recently reported that they had agreed a partnership to offer semi-commercial and buy to let mortgages, bridging finance and secured loans.

Mr Hunt stated that the growth in the market is likely to be driven by lenders "loosening criteria a little".

"This is providing just enough oil to the machine for the cogs to start turning again," he said.

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