NGM is the leading specialist packaging organisation in Wales and it also has a strong presence throughout the UK. “Our intermediaries need to be able to access the full suite of specialist financial products in order to keep in step with the demands and requirements of their clients,” commented managing director Terry Markham.
“Our commitment to them is absolute – that’s why we have launched our new secured loan and commercial mortgage operation. We have got good products to offer our intermediary partners and I’m confident that we can achieve a lot together in the coming months.”
Commercial First, the lender established by sub-prime gurus David Johnson and Martin Finegold in 2002, will fund the company’s stable of commercial mortgages. NGM’s second charge products are to be provided by igroup, Swift Advances Plc and First National Bank.
Stephen Johnson, sales and marketing director of Commercial First, said: “I have been very impressed with the infrastructure that Next Generation has in place. I am confident that we will enjoy an excellent long-term relationship as there are many synergies between both businesses.”
The launch of the specialist lending arm of NGM strengthens its the wide range of products, including self-certification, sub-prime, buy-to-let and complex prime products.
“We believe that we are able to cater for the needs of most people who need access to specialist funding,” said Markham. “Not only do we now have a strong national offering – we are also able to offer a level of product and service that is unequalled in Wales. That’s got to be a good omen.”