West One Loans has expanded into the commercial mortgage market with a product pilot with a select group of brokers.
The commercial mortgage cases will be processed and underwritten in the lender’s Manchester office, which was opened earlier this year and is led by Duncan Abraham, regional director.
The lender said it was planning a full-market release after the pilot conclusion, adding that it will be a “breakthrough product that is ready for immediate broker adoption”.
The pilot will help to “further refine” its “robust initial proposition” and the product will “reach a wider range of under-served borrowers”.
West One Loans said it looked forward to working with brokers to “understand and address key shortcomings” of current propositions.
The firm continued on to say that the addition of commercial deals reinforced its commitment to providing end-to-end solutions across the property lifecycle.
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Danny Waters (pictured), CEO of Enra Specialist Finance, which is West One Loans’ parent company, said: “The introduction of commercial mortgages is a major strategic milestone for West One and has always been a core component in our growth strategy. I’m confident that soon West One will set new benchmarks for service, speed, and flexibility in the commercial mortgage market.”
West One Loans recently created a mortgage division, bringing together its residential, buy to let (BTL) and second charges into one unit.