View more on these topics

Base Commercial Mortgages returns to market

Base Commercial Mortgages has resumed lending through a panel of commercial brokers a year after it was forced to cease trading.

The decision follows the recent acquisition of Ruffler Bank by Base’s backers, AnaCap Financial Partners, which gives Base access to retail funding. Base and Ruffler Bank are in the process of merging their operations to create a single capitalised business.

Base chief executive Mark Stephens says: “We are delighted to be back in the commercial mortgage market once again, but are very mindful that we need to maintain a tight control over both business quality and volumes. We have therefore decided to control our distribution via a limited panel of professional commercial finance brokers located throughout the UK.

“We have notified these brokers and will be working very closely with them over the coming weeks to ensure they fully understand our underwriting and processing requirements

“I do appreciate this means that some brokers who have dealt with us in the past will not be able to submit business directly to us in the future. I do hope those brokers understand the reason why we have decided to relaunch via a restricted panel.”

Recommended

Bond bulls

The massive sweep of assets into corporate bonds this year has startled many but what has been even more surprising is the concentration of flows for two main providers – M&G and Invesco Perpetual.

1

Pru rules out setting up its own platform

Prudential has ruled out launching its own platform, arguing the regulator may take a dim view of IFAs using single-provider platforms in the future.

Mark Page: “A good time to be a European fund manager”

With European markets picking up in early 2015, Mark Page, Artemis European Opportunities Fund manager, discusses the ‘macro’ drivers and whether the improvements are sustainable. Largely driven by economic stimulus by the European Central Bank, European stockmarkets have performed strongly so far in 2015. Mark discusses the relative merits and sustainability of ECB policy with […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment