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CHL in search of business
2 July, 2008
CHL Commercial has reasserted its commitment to the commercial mortgage market and stressed it is ‘actively seeking new business’.
CHL Commercial has made the statement in light of recent market developments with a number of commercial lenders leaving the market and a general tightening of criteria.
CHL offers a range of products suitable for commercial clients including commercial buy-to-let, commercial owner-occupier and semi-commercial properties, for example, a shop or office with residential buy-to-lets above.
Mike Healy, head of commercial at CHL, commented: “At a time when the commercial mortgage market has suffered from a number of lender pull-outs, and there has been a general tightening of product criteria across the board, CHL Commercial continues to actively operate in this sector. We are fully aware that in the current climate, mortgage intermediaries and advisers are looking at sectors to diversify into and the commercial mortgage market is an option not a million miles away from their current business activity.”