Commercial First Mortgages has announced plans to launch its products in Scotland with immediate effect.
Commercial First's products are designed for small to medium-sized business borrowers. The move into Scotland means intermediaries will have access to a range of commercial mortgage products starting with an interest rate of 3.75% above Barclay's base rate.
Stephen Johnson, sales and marketing director at CFM, says: “Our decision to launch in Scotland is a result of broker demand. Our intermediaries have been telling us there is huge potential for our products in this area.”
The lender is planning to work closely with a number of broker and packager distributors in order to market its products to intermediaries.
Johnson adds: “A series of partnerships will be forged over the coming weeks. Many of our existing partners have strong links with the Scottish market so this is a natural development for us. It is important that we support our partners and make the most of the opportunities that exist in the commercial mortgage market.”