Mercantile Trust joins Propp lending panel

Published on

Mercantile Trust has been added to the lending panel of Propp, the property finance comparison site.

The specialist bridging, buy-to-let and commercial lender specialises in delivering a personal service to borrowers, with each case judged on its own merits. As a result its client base ranges from those with impeccable credit profiles to those with adverse, poor or even bad credit profiles.

Propp uses technology to simplify and speed up the process for lenders and borrowers alike of securing the required property finance. It is bringing a fresh approach to a sector that has lacked digital innovation, and its custom built optimiser service saves borrowers an average of more than £10,000 in interest and fees over the course of a loan.

As a result of the partnership, Mercantile Trust’s products will be included in comparisons on the Propp website.

Maeve Ward (pictured), director of commercial operations at Mercantile Trust, said: “We are delighted to be working with Propp, who share our passion for providing alternative lending solutions to borrowers. Transparency is at the heart of everything they do, meaning that borrowers understand what is available to them from the outset, and benefit from a human approach.

“Mercantile has a strong reputation for working in niche areas of the mortgage market, supporting the underserved, and I’m certain that working together we can support those looking to start their investment journey, as well as seasoned property professionals looking to expand their portfolios.”

Paul Elliott, managing director of Propp, added: “Given our ambition to become the one-stop shop for specialist property finance, we’re continuously looking to onboard lenders to the panel that address gaps in our offering and add real value.

“Mercantile ticks a lot of boxes on that front which ultimately means we’ll be able to help more customers in areas where previously we might have struggled. The fact they consider first-time buyers and first-time landlords with no rental history is of enormous value, and their position in the Northern Ireland market enables us to offer more choice to our clients in that region where previously options were limited.

“Having worked with Maeve in a previous role, we have the utmost confidence that her team will deliver the high standard we expect for our clients and we’re delighted to welcome them onboard.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Third of SMEs forced to pause business activity due to lack of finance

Nearly one in three UK small and medium-sized enterprises have been forced to stop...

Cost of setting up a home ‘falls below inflation’

The cost of establishing a new home has risen at a significantly slower pace...

Santander cuts mortgage rates across the board

Santander has reduced interest rates on a wide range of its residential mortgage products...

Accord lowers buy-to-let mortgage rates

Accord Mortgages is reducing rates across its buy-to-let product range, as part of a...

Investor secures £1.3m loan to expand assisted living portfolio

An experienced property investor has secured a £1.3m loan from Redwood Bank to support...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Third of SMEs forced to pause business activity due to lack of finance

Nearly one in three UK small and medium-sized enterprises have been forced to stop...

Cost of setting up a home ‘falls below inflation’

The cost of establishing a new home has risen at a significantly slower pace...

Santander cuts mortgage rates across the board

Santander has reduced interest rates on a wide range of its residential mortgage products...