Positive Commercial Finance has experienced a 62.5% increase in commercial mortgage lending in Q1 to Q3 2016 compared to the same period last year.
This compares to an increase of 54.8% in cases completed by NACFB members for commercial property lending.
Many of Positive Commercial Finance’s enquiries are for clients wanting to purchase a commercial investment property, but who very often mistakenly assume that the same lending criteria apply to commercial as they do to residential purchases. However, this is not the case, and Positive will help clients with the more complex considerations needed to secure funding, such as a high loan to value and short lease terms.
Samantha Williamson from Positive Commercial Finance said: “We’ve seen a consistent rise in the commercial mortgage sector in 2016 and this has resulted in a significant increase in business so far this year. By fully understanding what lenders are looking for in an application and having access to an unrivalled panel of lenders, we are able to find the right lender to meet the client’s requirements and the project type.
“This means we can often effect a better outcome for customers than they could achieve by going directly to lenders on their own.”