Category: Commercial
All trail ERCs have also been removed and borrowers now only need to provide three-months’ proof of rent.
The new location will be the base for a number of business development managers with access to regionally-based underwriters.
Chris Jones, managing director at JMT, said: “We are delighted to have joined Knowledge Bank, and have been amazed at the response we have received already to our unique lending proposition.”
Specialist property finance trade body, FIBA and Mortgage Business Expo (MBE) have concluded a partnership which will see the FIBA Annual Conference be held as part of MBE North.
Among brokers, 69% are writing one to five limited company cases a month, but 25% are writing none at all.
Jason Oakley, chief executive of Recognise Bank, said: “I am delighted that Ian has decided to join us to help drive our commercial banking.”
Secure Trust Bank’s Real Estate Finance team provides lending facilities of £1m to £45m to residential and commercial property developers and investors.
The event, which will take place on 29 November, will feature an onsite underwriter from Allica Bank who will be dedicated to assessing commercial and semi-commercial cases submitted that day.
Beverley Building Society will now consider a range of semi-commercial properties, making individual decisions based on location and the percentage of residential use.
The white-labelled lender sourcing solution for commercial finance is available exclusively to FIBA members.