MortgagesApr 24 2014

Commercial trust begins recruitment drive

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The director of operations at the commercial mortgage broker said business had grown 400 per cent in only its second year of trading due to the number of competitive products available on the market. He said the firm needed more advisers to deal with the volume of new business.

Mr Cunningham also promised its buy-to-let division would prove to be “unique” in the market, as the team was staffed exclusively by advisers who were also landlords.

He said: “The commercial finance sector began picking up shortly after the financial crisis ended and has gone from strength to strength.”

Earlier this year, the commercial arm of whole-of-market broker TurnKey Mortgages became independent and offers buy-to-let mortgages, commercial mortgages and bridging loans through its brokers.

Mr Cunningham added: “The market has grown steadily over the past year. In our second full year of trading the number of mortgages we secured for our customers grew 400 per cent. Our forecast for 2014 means we will triple the number of advisers by the end of this year.”

Adviser view

Advisers such as Henry Knight, managing director of London-based Springtide Capital, have been predicting more competitive deals could come on the market over the next few months as a result of a “greater appetite” for commercial lending.