By Lisa Walls-Hester on Wednesday 22 June 2016
Assetz Capital has announced a working relationship with new broker platform, Fundbay.co.uk, and has launched several new specialist commercial loan products through it.
Assetz Capital has been collaborating with the Fundbay team in the development of a new proposition for commercial mortgage brokers for a number of months. The new marketplace created for the broker industry by the Fundbay platform will be more efficient for clients and brokers who are unable to place loan enquiries through their normal channels.
The five new commercial mortgage products will aim to help the following:
Stuart Law, CEO of Assetz Capital, said “Whether you are a borrower or a lender, the property market has numerous opportunities which have traditionally only been an option for a privileged proportion of the UK population. As an agile and flexible alternative lending provider, we are able to see gaps and act upon them rapidly.
“Our widened range of commercial mortgage products are a result of identifying a need, and plugging those gaps which will inevitably lead to more businesses benefiting from available finance.”
Assetz Capital is run by credit and lending professionals, alongside a nationwide network of relationship managers who visit potential borrowers.
It is currently funding loans from £100k to £8m and provides commercial mortgages, bridging, BTL, property development, SME term loans and renewable energy project funding and refinance.
The platform ensures tangible security is taken to reduce the risk of capital losses for investors and lower the cost of borrowing for businesses. It uses traditional credit assessment techniques rather than solely computer based borrower assessments.