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.”
