Mortgages for Business has launched MFB for Intermediaries – which will provide deal placement and packaging services.
The deal placement service is aimed at inexperienced or time-pressed brokers looking for a master broker to source a lender and structure a deal.
Meanwhile the mortgage packaging service has been created for intermediaries who already know the lender they want to use but can’t submit applications directly themselves.
Both services will focus on buy-to-let, commercial, bridging and development finance.
Steve Olejnik (pictured), managing director of Mortgages for Business, said: “We are excited to be forging a more prominent role in the broker to broker space.
“Between them, our qualified advisers have more than 100 years’ experience in the buy to let and commercial property sectors.
“Many have a career background working as lending managers at the country’s leading High Street banks.
“This means they understand deals from all angles and perhaps more importantly, deliver successful outcomes.”
Brokers looking to access the services are being encouraged to register in advance.
Olejnik added: “We aim to be as helpful as possible. Our website clearly sets out our offering, including how we work and – perhaps more importantly – what proc fees we pay!”
To mark the launch, the team will host a free webinar for brokers on Wednesday 26 September 2018, co-hosted by two decision-makers from Amicus Commercial Mortgages.
This will be first in a series being organised to familiarise brokers with the rates and borrowing criteria of key lenders in the buy to let and commercial mortgage sector.
Broker wishing to sign up can do so on the Mortgages for Business website.
In addition to deal placement and packaging, MFB for Intermediaries has an online case tracking service called MyMFB and a weekly email update to keep brokers informed of new rates, changing criteria, market developments and deals.