Why is the mortgage market for owner-occupied trading businesses underserved?



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Bridging & Commercial will be hosting its next virtual roundtable on 26th May, in partnership with Allica Bank.

The interactive event, which is part of a series launched this year, will start at 11am, moderated by Medianett’s managing director, Caron Schreuder.

The topic will be ‘Owner-occupied trading business – why is this mortgage market so underserved?’.

Allica Bank’s managing director Nick Baker and business development manager Charissa Chang will be joined by Tom Clark, director at Napex Finance; Emma Vanson, senior associate at Sirius Property Finance; and Chris Richards, regional manager for the North West at Newable.

In addition to an overview of this market, the panel will discuss the differences between underwriting owner-occupied and standard commercial mortgages and the factors that are contributing to this being an underserved space, as well as how Covid-19 and disrupted trading impacted commercial borrowing capabilities. 

The panellists will also share their experience working on deals in this sector, what products are available and what the lender appetite for owner-occupied commercial mortgages is at the moment.

Registration is open and it is free to attend for all professionals working in the sector. 

The panel will be taking questions during the session and attendees are encouraged to get involved. 

The event will also be available to watch after 26th May on B&C.

“We are delighted to have the opportunity to discuss this topic with some key individuals in the intermediary arena,” said Charissa.

“As a business bank, we understand how vital the role of SMEs is in getting the UK economy thriving again, and with the challenges that many trading businesses have faced over the past year due to Brexit and Covid, we are keen to demonstrate how Allica Bank can support them in rebuilding and pursuing their future growth.”

Emma added: “The lending market for owner-occupier trading businesses is an important topic to discuss because these businesses are often at the heart of our communities and certain sectors in particular have been hit hard over the past year.

“It is important that these SME businesses are not forgotten by lenders.”

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