How much do commercial finance brokers charge?
Broker fees: A specialist commercial mortgage broker will normally charge up to 1% of the loan, they will present your application to the lender to give you the best chance of success.
What does a commercial loan broker do?
Commercial loan brokers act as a matchmaker for lenders and businesses who have been denied a traditional loan. A loan broker is often the last resort for businesses in need of funding and the loan broker needs to be ready to provide that funding.
Do commercial mortgage brokers need to be regulated?
Unlike the residential mortgage market, Rob Lankey, managing director of commercial mortgages at Aldermore Bank, says most commercial mortgages are not regulated.
Is being a commercial loan broker worth it?
Compared to many other professions, becoming a loan broker offers significant earnings potential and respect. Successful brokers earn over six figures a year, while being their own boss and having the ability to create a balanced professional and personal life.