Mortgage News
Charlbury Group to offer commercial arrears visits
The Charlbury Group has expanded its field agents to offer commercial field visits to help lenders and loan managers gather information on commercial loans in arrears.
The team will compile reports, obtain details of trading figures and find the reasons for arrears from both desk-based research and field visits
Paul Duckworth, director at The Charlbury Group said local knowledge when deciding what action to take with a commercial loan in arrears was important.
He added: “We are finding that lenders are struggling to find enough people ‘on the ground’ to make contact with borrowers. Our role is to gather as much information on the business as possible and pass this back to the lender. Armed with this information, the lender or loan manager can make an informed decision about how best to proceed and take the most appropriate action.”
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