Growth in commercial mortgage lending found

07 September 2011

Written by Steve Olejnik

The number of successfully secured commercial mortgages has increased, rising six per cent compared with last year.

An annual survey of members by the National Association of Commercial Finance Brokers (NACFB) also found a growth of 14 per cent in total lending to small and medium-sized enterprises (SMEs) during this time frame.

Overall, this represents only 44 per cent of levels seen at the peak of the market.

NACFB chief executive Adam Tyler explained this indicates an improvement in funding for businesses, although money "is still very hard to access".

The figures show that NACFB members "are seeking more cost-effective borrowing where they can for their SME customers", he added.

Corporations of this size can therefore feel confident when trying to attain finance, which will assist them in growing or investing, the representative continued.

The NACFB was established in 1992 in order to ensure the broker market's future wellbeing and integrity and to monitor government legislation.

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