West One has moved into the commercial mortgage market with a new product, first offered to a select group of commercial mortgage brokers as part of a pilot scheme.
It will roll out the offering to the full market after the pilot ends, aiming to make the product available to brokers straight away.
The new commercial mortgage product will be developed further during the pilot, with plans to reach a broader range of borrowers who have previously struggled to access finance.
West One said it will work with brokers to identify and resolve issues with current products.
The lender is adding commercial mortgages to support brokers and borrowers across more areas of property finance, aiming to provide solutions at every stage of the property cycle.
West One said that speed, efficient service and criteria that allow access for underserved borrowers would be at the core of its commercial mortgage offer.
Cases will be processed and underwritten out of the Manchester office, which is headed by regional director Duncan Abraham.
Danny Waters (pictured), CEO of Enra Specialist Finance, said: “The introduction of commercial mortgages is a major strategic milestone for West One and has always been a core component in our growth strategy.
“I’m confident that soon West One will set new benchmarks for service, speed, and flexibility in the commercial mortgage market.”
