Five of Just’s self-employed brokers will now be trading as commercial brokers following the partnership.
The five have received commercial mortgage training from Fiducia and will be dealing with all commercial cases coming though Just Mortgages’ self-employed division.
Carl Parker, head of the Just Mortgages self-employed division (pictured) told Mortgage Solutions the firm’s main aim from the move was to add another string to its advisers’ bow to be able to do these cases themselves.
And it has strong ambitions for the sector, with an aim to have 15 to 20 commercial brokers within the next 12 to 18 months.
Just Mortgages will still identify the client and remain their point of contact throughout, with Fiducia dealing with sourcing, processing and paperwork.
The deal extends the current arrangement which began at the start of August where Just Mortgages brokers are referring commercial cases onto Fiducia, but from this week, they will be able to retain any commercial mortgage clients.
The firm said that if the move proves successful then it would look to train more brokers and recruit those already active in the sector.
In a statement, Parker said: “Fiducia is a leading commercial broker with a great offering, including for high-value lending packages for businesses and through this partnership, we can add another string to our bow.
“We are keen to train up brokers already working with us but from a recruitment point of view, are confident that, through this partnership, we will attract self-employed commercial brokers already working in this area.”
Marcus Grimshaw, CEO of Fiducia added: “The commercial finance industry is crying out for truly independent, professionally brokered, compliant solutions, critically with the client at the heart of everything we do.
“This ethos and the desire to help fund UK business is shared between both our firms. I know this will be a powerful partnership with great benefits to business owners around the UK.”