How to find a commercial mortgage broker

Discover how

Working with Redwood Bank

Our preference is for customers to work with a commercial mortgage broker when exploring their property finance options. This page explains how to find a broker and highlights some of the ways they can support your business.

A commercial mortgage broker will review your funding requirements, assess the options available and, where appropriate, prepare and submit your application to Redwood Bank on your behalf. Brokers can also introduce you to other lenders if they believe an alternative solution may better meet your needs. Their expertise can help simplify the process and help you find a finance solution that is suitable for your business circumstances.

Working with Redwood Bank

Why use a broker?

A commercial mortgage broker acts as a link between businesses and commercial mortgage lenders such as Redwood Bank. Instead of approaching one lender directly, a broker can introduce your enquiry to a range of lenders across the market. They will review your needs and help to identify the best borrowing solutions for your business.

Brokers typically:

• Discuss your requirements and objectives

• Present your case to one or more lenders

• Help gather and organise supporting information

• Act as a point of contact during the application process

The decision to offer a loan is made by the lender, and your lending agreement will be between you and the lender directly.

You may pay a fee directly to your commercial mortgage broker for their advice and/or they may receive a procuration fee from the lender once your loan has drawn down.

What does a broker do?

Different lenders offer different products, structures and criteria. Brokers often have an overview of the market and established relationships with lenders.

This means they may be able to:

• Introduce you to lenders you may not have contacted yourself

• Identify options that align with your requirements

• Support enquiries across specialist areas such as property finance or business savings

A broker supports your application through the whole process

A broker may remain involved throughout your enquiry and application. This can help with:

• Managing communication with lenders

• Responding to requests for information

• Keeping your enquiry progressing

This provides additional support alongside your direct interaction with the lender.

How to find a broker

If you would like to work with a broker, you can search for firms through recognised trade bodies:

• National Association of Commercial Finance Brokers (NACFB)

• Financial Intermediary and Broker Association (FIBA)

You could also search for mortgage intermediaries in your area at:

https://www.unbiased.co.uk/

Redwood cannot endorse or recommend a commercial mortgage broker.

You can also search the Financial Conduct Authority’s directory to check the regulatory status of any commercial mortgage broker you are considering working with.

How to find a broker

Important information

This page is not intended to offer advice and should not be relied upon as, financial advice. You are responsible for satisfying yourself that an commercial mortgage broker meets your needs, and you should refer to your accountant, solicitor or other professional advisors if you are unsure of working with a commercial mortgage broker.

Property secured on a loan may be repossessed if repayments are not maintained.