20 Mar, 2008
Commercial Mortgage Desk has developed a hotline for intermediaries
requiring immediate help replacing pipeline cases following
Commercial First's decision to accept no new business.
Ann-Marie O'Neill, head of sales and marketing at the broker, says:
"Our strength has always been in having a completely open panel of
commercial lenders from the start. It's at times like these when
intermediaries need the independent specialist advice we offer. The
hotline was only opened last night and it seems to be something
that intermediaries need as we've already helped a number of
clients find new solutions."
She adds: "We have been concerned at the number of brokers,
packagers and even high street banks who have chosen a limited, or
single, lender panel. At any time and particularly in market
climates such as we're in, it's imperative that clients have
independent advice the same way they do in the residential mortgage
The hotline is available between 8.30am and 8.00pm and will even be
available over the Easter break to ensure that urgent cases can be
helped. CMD are urging intermediaries who have Commercial First
cases at any stage, even at offer, to call them on the broker
hotline 0845 034 5130 to ensure they can find a new solution for
their clients in time.