Mayfair-based mortgage brokerage Anderson Harris is delighted to announce the launch of Anderson Harris Commercial.
The business, headed up by commercial funding specialist Adrian Dadds, will help clients secure development funding for speculative residential schemes, including flats as well as houses. Anderson Harris Commercial will also arrange funding for clients looking to purchase a business premises, including office blocks, shops, restaurants, pubs and professional practices.
Jonathan Harris, director of Anderson Harris, says: ‘The growing emphasis on building new homes to solve the UK housing problem means development funding is in great demand. However, this is an extremely niche area, requiring specialist advice. We felt it was the right time to launch a commercial proposition, which can concentrate on this growing part of the market.
‘With buy-to-let under attack, nervous investors are understandably looking to diversify their approach, and many are turning to commercial property.’
Adrian Dadds, director of Anderson Harris Commercial, says: ‘Historically, there has been far less demand for commercial investment compared with residential, with the bulk of investors preferring to opt for the latter. But investors are increasingly turning to commercial investment because it can produce decent returns while being very low maintenance. If there is a commercial unit let on a decent term on a fully repairing and insuring lease, for example, there is little for the investor to do between rent reviews so no need to worry about fixing a boiler or funding a new tenant every six months.’