Doors open for new commercial mortgage lender
Commercial finance specialists Intermediary First are now accepting applications for Whiteaway Laidlaw Bank’s new commercial mortgage products.
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Intermediary First director, Justin Marsh, commented:
“The new products look set to stimulate the market. It’s a much needed boost for both investors and financial intermediaries as WLB chose to distribute only through their broker network, reaffirming the value of using a specialist commercial broker.”
The investor product has interest-only options up to 65% LTV of market value and for advances above this there are part-capital repayment options to aid the client’s cash flow position. In addition, owner occupiers will also have flexible repayment options and WLB will accept a range of evidenced income.
To celebrate the launch, Intermediary First introducers will be presented with a bottle of Bollinger Champagne on completion of their first case throughout 2011, in addition to generous commission.
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