Dial 4 a Loan, which specialises in the secured loans industry, is the first company of its kind to start marketing Commercial First’s range of business mortgages throughout the UK. Under the terms of the deal, Dial 4 a Loan is able to offer a commercial mortgage with an interest rate starting at 3.25% above the base rate of Barclays Bank. A minimum of £50,000 can be borrowed with a ceiling of £1.5 million. A maximum loan to value (LTV) of 75% is available on all applications.
“This tie-up between ourselves and Dial 4 a Loan is an important strategic milestone for us,” said Stephen Johnson, sales and marketing director of Commercial First. “Up to this point, we have been dealing exclusively with organisations that just specialise in first charge mortgages. Dial 4 a Loan is a leading player in the second charge sector and this will hopefully be the first of several other alliances that we form in the months ahead with companies from this booming niche market.”
