Commercial First enters a formal strategic relationship with The Business Mortgage Company for product development and marketing strategies.
Under the terms of the working arrangement both parties have agreed to establish service level agreements and to work closely on joint marketing and distribution.
Commercial First will be committing dedicated underwriting resources, whilst TBMC have agreed to work together on product development and origination plans.
Commercial First sales and marketing director Stephen Johnson says: We are delighted to be making a formal commitment and working in close partnership with TBMC. They have an excellent proposition for the large mortgage distributors, and it comes at a welcome time when it is important for intermediaries to maximise their earning potential.
TBMC managing director Andy Young says: We are very serious about becoming the number one provider of a commercial mortgage solution to the IFA and mortgage networks. This is the first formal relationship established, but others will follow.