Commercial Trust partners with Axis Bank

The broker said it wants to broaden its offering in the changing market, which has seen clients’ needs become more and more complex.

Chief executive Andrew Turner said research showed London and the South East had seen the largest increase in supply of rented accommodation in the first quarter of 2016, which, he said, demonstrated the region’s continued reputation as a safe haven for capital, even in volatile times.

Axis offers solutions for individual, limited company and ex-pat applicants. The firm provides funding for most property types, including houses in multiple occupation and multi-unit properties.

The Unit Trust of India-backed bank is already in partnership with The Buy to Let Club, TBMC, 3mc, Atom, Mortgages for Business and Complete FS and was looking for London-based broker partners as part of its next distribution phase.

Turner said: “Axis has quietly established itself over the past year as a credible player in the specialist market. Their goals are very much aligned with our own, and we are pleased to be able to broaden our offering of competitive, flexible finance for professional investors.”

Axis buy to let head Andrew Ferguson said: “Commercial Trust has a good reputation and a growing team, and are highly experienced in dealing with our target clients.”

Commercial Trust launched in April 2014. The broker offers a range of mortgages from across the market for which it charges a broker fee of up to £1,198 for first buy-to-let mortgages; £2,198 for secured buy-to-let loans and 1% of loan value for bridging loans and commercial mortgages.