Shrewsbury mortgage firm expands into commercial finance

A mortgage advisory business has expanded into commercial lending with the launch of a new specialist firm, marking the latest phase of growth for its founder.

Rob Brookes, business principal of Shrewsbury-based Severn Mortgage and Protect, has launched Severn Commercial Finance which will provide access to a broad panel of lenders and support funding across commercial mortgages, development finance, bridging and business loans.

He said the launch of Severn Commercial Finance represented a natural progression for the business, responding to increasing demand from clients for more complex and specialist funding solutions.

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"Over the years, we've worked with many clients whose needs extend beyond residential mortgages, whether that's business growth, property investment or more complex funding arrangements," he said.

"Launching Severn Commercial Finance allows us to support those clients in a more complete way, with a dedicated focus on commercial lending and access to a wide range of specialist funding options."

The expansion follows the firm's recent relocation to larger premises at The Hay Yard on Shrewsbury Business Park which it said was done to support continued expansion and create capacity for its growing team, including this new commercial finance division. The newly launched venture will operate from the same offices.

Mr Brookes added: "The move to The Hay Yard was an important step for us. It gives us the space to grow the team and develop new areas of the business.

"This isn't a change in direction, it's an evolution. We're building on what we've already achieved and extending our offering to meet the needs of clients as they grow."