Mortgages for Business has launched MFB for Intermediaries as part of a refresh of its broker offer.
MFB for Intermediaries will provide both deal placement and packaging services. The Deal Placement Service is aimed at less experienced, time-pressed brokers looking for a master broker to source the right lender and structure a successful deal. The Mortgage Packaging Service has been created for intermediaries who already know the lender they want to use but can’t submit applications directly themselves.
Both services will focus exclusively on cases for buy-to-let, commercial, bridging and development finance.
To mark the launch, the team will kick off with a free webinar for brokers on Wednesday 26 September 2018, co-hosted by two decision-makers from Amicus Commercial Mortgages. The webinar will be the first in a series being organised to familiarise brokers with the rates and borrowing criteria of key lenders in the buy to let and commercial mortgage sector. Any broker wishing to sign up can do so on the Mortgages for Business website.
In addition to deal placement and packaging, MFB for Intermediaries has an online case tracking service called MyMFB and a weekly email update to keep brokers informed of new rates, changing criteria, market developments and exclusive deals.
Steve Olejnik (pictured), Mortgages for Business’ managing director, said: “We are excited to be forging a more prominent role in the broker to broker space. Between them, our qualified advisers have more than 100 years’ experience in the buy-to-let and commercial property sectors.
“Many have a career background working as lending managers at the country’s leading High Street banks. This means they understand deals from all angles and perhaps more importantly, deliver successful outcomes.”
Brokers wishing to access the services provided under the MFB for Intermediaries banner are being encouraged to register in advance to ensure that all cases are dealt with promptly.
Olenik added: “We aim to be as helpful as possible. Our website clearly sets out our offering, including how we work and – perhaps more importantly – what proc fees we pay.”