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Commercial First reports 200% growth rate

Commercial First has reported a growth rate of over 200% in further advance lending since it set up a team to service this business six months ago.

Stephen Johnson, sales and marketing direct Commercial First, says: The further advance team are able to use many aspects of the original application including documentation, the conveyancing process and sometimes the original valuation to offer a really simple process for the intermediary and client.

With 24 hour completions regularly achievable, clients have the ability to use their Commercial First mortgage facility as a ready source of quick capital for their business.

For many small business operators there are often opportunities they can exploit provided they can raise the necessary funding quickly enough.

Brokers are now starting to realise that further advances are ideal for commercial borrowers that have increased the value of their property through investment, or who have a lower LTV mortgage on day one.

Many have started to ensure a regular communication is carried out to all existing clients with a current Commercial First facility – there is probably not an easier, cheaper or faster way of generating income for brokers.


Time to take key decisions about HIPs

There are just over four months to go until Home Information Packs become compulsory. Based on many conversations I had at the end of 2006 I am sure that few intermediaries are ready to take advantage of the commercial opportunity HIPs will bring.

Get off the hamster wheel and think

My new year’s resolutions include taking stock of the business regularly, getting out more, revisiting existing clients and not undervaluing my services, says Sue Read, consultant, James Marshal & Co

ARLA predicts buy-to-let stability

The Association of Residential Letting Agents has predicted that the fundamentals of the buy-to-let market will remain unchanged following yesterday’s base rate rise to 5.25%.In the final ARLA quarterly review and index for 2006, more than eight out of 10 investment landlords were reported as saying that they would not sell their property investments even […]

HIP website falls victim to net cull

The official Home Information Pack website is to be scrapped just a year after it was launched as part of a major government website cull. There are 951 government websites in existence but the Cabinet Office announced last week that only 26 will remain operational. The government has earmarked 551, including uk, to be […]


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