Commercial mortgages may be more accessible with new partnership

27 April 2011

Written by Steve Olejnik

The availability of commercial mortgages could increase following a deal between Blemain Finance and Brightstar Financial.

Managing director of Brightstar Financial Rob Jupp stated that the collaboration between the two companies will allow them to offer a wider range of products.

Director at Blemain Finance Gary Bailey added: "Combining our strong market position, substantial funding available and a strong appetite for new business across our lending companies offers an attractive opportunity."

The partnership offers semi-commercial and buy to let mortgages, as well as bridging finance and secured loans.

Mr Jupp claimed that the deal would allow them to offer brokers "a complete solution" for their clients, whether they are looking for short or long-term finance.

Meanwhile, Mr Bailey stated that his company have an "extensive" range of products that would be made more accessible through the collaboration.

The partnership may be entering into a recovering market, as property economist at research consultancy Capital Economics Ed Stansfield recently argued that demand for commercial mortgages is "fairly healthy".

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