View more on these topics

Crown unveils commercial risk assessment service

Crown Mortgage Management has launched a commercial risk assessment service for lenders and investors that want to im-prove their understanding of the risk profiles of their commercial mortgage portfolios.

The service has already been successfully trialled with the Cambridge Building Society.

Julien Holmes, managing director of Crown, said: “Opportunities in the commercial sector have attracted lenders whose core business is residential lending but the risk profile of commercial mortgages and the ways of mitigating this are not always understood.

“Using risk management pro-cesses at the underwriting stage, during loan administration and when delinquencies arise can help lenders to mitigate the risks they take on and substantially reduce their risk of loss.”

He added: “Commercial mortgage arrears require specialised management that is different from residential mortgage loans. And if they are used effectively, the tools available to commercial lenders can make a significant financial difference.”


Lenders will choose brokers with care

The commercial mortgage sector has seen several lenders withdraw from it recently, mainly due to a lack of money. These lenders were re-liant on securisation to maintain the funding lines necessary for them to write new business and the last successful commercial fund securitisation in the UK was in November 2007.

Stock Picker

Financial shares enjoyed healthy gains last week following a welcome injection of confidence into the US markets as a result of JP Morgan Chase’s revised $10 a share offer for Bear Stearns. HBOS rebounded strongly following the recent false rumours surrounding its liquidity.To counteract the rumours and bolster confidence in the lending giant, a raft […]

Skipton launches £799 fee on SVR deals

Skipton has told brokers that new clients must stump up a £799 fee to apply for its SVR mortgages.The lender says the fee is payable on completion and can be added to the mortgage account on completion.Skipton says that with many other lenders charging fees well in excess of £1,000, its SVR fee is “relatively […]


News and expert analysis straight to your inbox

Sign up