5D Finance, a specialist commercial mortgage lender, has today announced it will be launching in Scotland.
The company also unveiled a new product range, available from today, which was produced after receiving feedback from intermediary partners.
William Hodson, CFO of 5D Finance, says success in the English market has led the company to launch in Scotland as part of a planned period of sustained growth.
“Not only have we launched our services north of the border, but we have also spent the last couple of months improving our systems, our documentation and the way we interact with packagers”, adds Hodson.
Hodson also said recent financial market movements have caused 5D to re-price its products, in line with recent moves by other lenders.
He comments: “We’re in the commercial market for the long term, and that demands we continue to price properly and underwrite sensibly, as well as originate large volumes of loans.”
5D has also launched a new product range in consultation with intermediaries. The company says it has improved affordability criteria and simplified CCJ credit criteria on both investor and externally verified products.
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