We’ll find the best solution for your client, prepare it, and then submit it to the lender on your behalf.
Use our Deal Placement service when you need more than just packaging! We work with you, the lender and associated third parties, leaving you to work with your client. We have the contacts, the negotiating skills and the determination to get the deal done.
We've been working with intermediaries for more than 20 years and we have an incredible amount of experience and expertise. We are whole of market so we can work with any lender to get the right solution for your client. In particular, we are master brokers and specialist distributors for several of the industry’s specialist property lenders including:
- Aldermore Bank
- InterBay Commercial
- Shawbrook Bank
- Hampshire Trust Bank
We can help with commercial mortgages for both investors and owner-occupiers, complex buy to let, bridging and property development finance. We are fantastic at sourcing the right lender and consulting directly with underwriters to ensure the most suitable finance outcomes for your clients.
- Mixed use properties
- Retail, office, leisure & industrial sectors
- Care homes & holiday lets
- Short & complicated leases
- Finance against bricks & mortar or goodwill value
Complex Buy to Let
- SPVs, LLPs & trading Ltd company applications
- HMOs, multi-units, flats above commercial
- Portfolios and large loans
- Directors’ & inter-company loans
- Related transactions
- Landlords with multiple income streams & borrowing structures
Bridging & Property Development Finance
- Ground-up developments
- Conversions & refurbishment projects
- 100% of build costs
- Rolled up interest
- Auction purchases
- Lower value refurbishments & builds (sub £500k)
- Clients with limited experience
Your Proc Fee & Deal Placement Fees
Fees are variable and based on loan size and case complexity. Your consultant will discuss this with you at the outset to ensure full transparency.
How Our Deal Placement Process Works
We work with you, the lender and associated third parties. As we are responsible for the advice given to your client, we will therefore need to speak directly to them. However, please be assured that the client will remain your client for this deal and any future transactions.
- You contact us with your enquiry
Call the Broker Desk on 0845 148 9238 or one of us directly.
Email us email@example.com or one of us directly.
At the same time, if you have not placed any business with us before, it is essential that you register with us to ensure we can process the case and pay you in a timely manner. You can save time by registering with us now, so that you’ll be ready to go when your client needs you.
- We select a lender and finance option
Your enquiry is assessed by a specialist consultant who selects the most suitable lender and type of finance for the deal. You will then receive indicative terms to review.
Cases which are outside standard criteria will need to be referred to the lender for approval and your consultant will keep you informed of its progress.
- Indicative terms include:
• Fees payable by the client
• General lending criteria
• Application form
• A checklist of the documents required
- You send the indicative terms to your client
As soon as you receive the indicative terms from us you should send them on to your client and discuss it with them. If they are happy with the terms, ask them to complete the application form and return it to you with all the documents on the checklist (we’ll send you this with the indicative terms).
At this point, you should check that your client has correctly completed the application form and provided all the requested supporting documentation. If it is not complete, you'll need to work with your client to ensure that all the information is correctly assembled before sending it on to us. If this raises any issues or concerns, do talk to us before sending back the paperwork so that we can help you iron out any problems.
Lenders will not process applications that are incomplete or missing supporting documentation.
- We prepare a supporting proposal and submit the application
Your dedicated Client Relationship Manager will update you on your cases progress.
- The lender reviews the application
On submission of the case, the lender carries out the necessary credit checks on the applicants and if these are passed, an underwriter reviews and assesses the application. If everything is in order, the lender will make a decision within three working days.If the applicant/s does not pass the credit check the underwriter will let us know and we will work with you to see if anything can be done to change the situation.
- The lender makes a decision
As long as everything is in order the lender will make its decision within three working days from submission. A decision takes one of three forms:
If the lender accepts the case, it issues us with a Facility Letter (sometimes known as Heads of Terms) which outlines the offer, terms and conditions and next steps. At this point, the valuation is instructed, and we will require the valuation fee to be paid by the client before proceeding, (although exceptions apply in some instances).
II. Further information required:
Sometimes a lender will require additional information in order to make a proper decision. If this happens, we will work with you to make sure you can get the necessary information from your client. Once the information has been submitted to the lender, we usually have to wait a further three working days for a decision from the lender.
In the event that the lender declines the case, our consultant will try to find out the reasons why and then re-evaluate the application. Do bear in mind, that for data protection reasons, it’s not always possible for the lender to tell us why they have declined a case. However, when we can ascertain the reason, if appropriate, we will provide you with an alternative finance option for your client and send you the corresponding indicative terms.
- We manage the case through to completion
Once the case is accepted by the lender and we have received a Facility Letter, we hand over the case to a dedicated case manager who becomes your main point of contact for all updates. The case manager will support you for the rest of the process, from the valuation through to receiving a formal mortgage offer and ensuring the case completes as quickly as possible. Having said that, we always keep an eye on the case and are available to chat if you need us.
What to do next
If you still have some questions, do give us a call on 0345 148 9238.
In order to transact with Mortgages for Business, you must register as an introducer with us. To register, please click here and follow the steps. Once we’ve received your completed registration form, we’ll be in touch to discuss your case.