Lenders ‘short-sighted’ for not accepting first-time investors – Sirius

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  • 16/05/2019
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Lenders should be more accommodating to investors who are looking to enter the commercial property market for the first-time, according to broker firm Sirius Property Finance.

 

Speaking on Specialist Lending Solutions Television in association with Aldermore, Sirius co-founder Robert Collins noted the door was closed for new entrants on many occasions.

“A lot of commercial lenders do rely on other commercial experience,” he said.

“We’ll get well-paid professional people looking to invest into commercial, they haven’t got any other commercial and quite a few avenues are closed to them – which seems to me to be a bit short-sighted for some of the lenders.”

Responding to the concerns, Aldermore Bank commercial director John Carter said it was a fair point, but that Aldermore was open to these clients.

“One of our visions is to help borrowers seek and seize opportunities. That plays nicely into the challenge you’ve just set out, rightly,” Carter said.

“But it is about backing borrowers who are clear in what they are trying to achieve and doing that as well.”

 

Watch all the videos in our Aldermore commercial finance debate on the Specialist Lending Solutions website.

 

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