Summary:
For many years commercial loans were viewed as the sole preserve of the main high street banks. With an increasing number of lenders entering the market in the same way as the residential mortgage market, should the consumer be visiting his bank or a broker.
There is an estimated 5.2 million commercial properties within the UK. The commercial property market expanded by over 32 per cent during 1990-2000 (according to the new products started) compared with the previous decade, in itself a decade of exceptional growth. Bank lending for commercial property deals rose by a record