Olympian-style lending

Essex-based Olympian started marketing the First Commercial product range on Wednesday 16 October. Within hours of the deals being made available to the intermediary community, Olympian had been inundated with over 40 enquiries from brokers eager to snap up deals with an interest rate starting at 8 per cent and a lending ceiling of £1.5 million.

Commercial First is the new lending organisation founded by sub-prime mortgage gurus Martin Finegold and David Johnson - the men behind the success of Kensington Mortgage Company and igroup. Commenting on the move, David Johnson, joint managing director of Commercial First , said: “We had no hesitation in choosing Olympian to be our launch partner. Bringing a new product to the market is always a risky business, but you minimalise your exposure when you are working alongside an organisation of the calibre of Olympian.”