Go has enjoyed a 61 per cent growth in staff numbers since it was founded in 2005, and has helped commercial businesses to raise more than £100m worth of finance over the past 12 months alone. The investment will assist the company with its future growth plans. Go will remain fully independent, and continue to deal with a panel of lenders.
Commercial First’s sales and marketing director, Stephen Johnson, said: “Go has become the first major intermediary to generate a successful direct to customer brand, and over the past 24 months become an important part of our distribution. Together we are completing nearly 80 per cent of commercial refinance cases in less than 2 weeks from application. This speed of service has brought a new dimension to the commercial mortgage market, and demonstrates the service benefits intermediaries can deliver to business customers.
“This deal demonstrates the growing importance of intermediary distribution to the commercial mortgage market. As we have seen in the residential market, key distributors will become strategically important to lenders - this is good news for intermediaries looking to create value in their business.”
Andrew Strode Gibbons, ceo and founder of Go Business Mortgages, commented “We have worked extremely hard to educate business customers that professional intermediaries can deliver world class service and provide a genuine alternative to the relationship bank. Many self employed and small business customers are unaware of the range of commercial property solutions available to them.”
