Related topic: Commercial

Catalyst offers brokers a procuration fee up to 2%.

The lender has also reduced the minimum debt service cover ratio (DSCR) from 130% to 125%.

The lender has already provided funding for delivery of 824 residential units in the regions.

Lending is based on vacant possession market value and not the standard 180-day figure.

Daniel Jones, bridging and commercial sales manager at Norton Broker Services, says more tenants want to buy and for once, the market is making it easier for them to do just that.

Shawbrook says the acquisition of ThinCats will accelerate its existing presence in the specialist SME lending market.

Brokers can now undertake virtual inspections to support asset finance and refinancing of existing assets.

The new roles expand the Bank's reach across England, Wales and mainland Scotland.

Conor McDermott, director of SME lending at LHV Bank, says that in a market where borrowing conditions are tighter and competition for funding is high, a shift in broker mindset can...

This improvement in sentiment comes despite 42.5% of brokers citing a reduction in asset finance applications.