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The UK’s Elite Property Finance Master Broker
Our philosophy is to enhance the broker experience BY SHARING LENDER COMMUNICATIONS AS THEY HAPPEN. THIS PROVIDES THE BROKER WITH A SIMILAR EXPERIENCE TO DEALING WITH THE LENDER DIRECT.
Newsource Commercial Finance was set up in January 2013 by Mark Craven and Brian Walters as a vehicle to help brokers access the Challenger Bank market. They identified a gap in the market as the traditional High Street lenders started to exit the property finance market and steer away from transactional property deals.
In short, the idea was to access new sources of finance for brokers, hence the name.
Because of the experience levels of both directors strong relationships were quickly built with a number of new lenders who had emerged in the specialist property sector. These lenders, in many cases, were offering market leading products but for many brokers the route to market was difficult because virtually all of these lenders had a restricted broker panel.
Having secured access to the lenders and successfully secured FCA accreditation Newsource introduced a market leading broker proposition based on 5 key principles as follows:
- Transparency – brokers are advised of any developments with their cases as and when they happen
- No Fees – we charge no fees whatsoever to either the client or the broker
- Expertise – our Case Managers are all vastly experienced ex banking professionals with strong Credit skills
- High Commission Rates – we pay market leading rates of commission, sharing procuration fees on a 50:50 basis
- No Cross Sell – we value the relationship brokers have with their clients and do not interfere with this relationship in any way
On 24th January 2023 Newsource celebrated its 10th anniversary of its incorporation during which time it has developed a reputation as being a highly successful Master Broker with market leading conversion rates. Our broker panel has grown considerably over the years and whilst we get an enormous amount of repeat business from our existing brokers we are always looking to add new ones.
In 2023 we completed 165 deals totalling £112.210M in drawn down business of which around 70% of this business came from our broker partners to whom we pay market leading commission rates.
Most brokers who use Newsource find that this frees up their time to go out and obtain more business. The main reason for that is that all of our team are very familiar with the lenders we deal with and have a deep understanding of each lender’s criteria. We never submit an application to a lender unless we are confident of achieving a successful outcome.
If this looks an attractive proposition for your business why not give us a call?
Brian Walters is the joint founder of Newsource Commercial Finance Limited, a Commercial Finance Master Brokerage specialising in the Challenger Bank Market.
This business has grown over 10 years from a small company dealing primarily with local broker contacts to one of the most successful businesses of its kind in the North of England currently achieving over £2M per annum turnover.
Brian enjoyed a successful banking career working for Barclays for over 33 years followed by senior commercial property finance roles with two specialist property lenders. He has operated in the field of commercial lending for the last 40 years and has been on both sides of the fence during that time, both as a Senior Bank Manager and a Commercial Finance Broker with extensive contacts throughout the industry.
In addition to being a very experienced banker, Brian is also a published author having written The Fall of Northern Rock in 2008 at the start of the financial crisis.
Mark Craven is a founding Director of Newsource Commercial Finance Limited, a Master Finance brokerage for brokers. Mark spends much of his working time dealing with client’s funding requirements and negotiating with Lenders.
Mark has over 30 years’ experience in financial services, having worked at a High Street Bank, two Specialist Lenders and been a commercial finance broker since 2006 Mark is a commercial finance subject matter expert.
Through Mark’s professional approach he is able to simplify deals and help clients navigate the complicated minefield of property finance culminating in a positive result. Mark’s advice and involvement is often the difference on a successful lending application, the primary reason he is so sought after in the industry.
When Mark isn’t doing commercial finance deals he spends most of his time enjoying family life with his wife and three (busy) children.
Dan Bell is the Business Development Manager for Newsource Commercial Finance and works with our new introducing brokers to get their deals completed.
After joining in 2013, gaining knowledge and understanding the end to end process as a case manager and helping to establish relationships with brokers and lenders alike, Dan took a pivotal role in 2018 and became a Business Development Manager and now concentrates on the front end of the business and enjoys meeting brokers to help find the client the best solution.
Dan has an eye for detail and how to get deals done. He has played a central role in the success of the business and is trusted by his broker customers and their clients to provide best practice advice and guidance.
In his spare time Dan enjoys socialising, travelling, music festivals and fine dining but hates trying to work it all off in the gym the next day!
Derek Hope is a Case Manager for Newsource Commercial Finance whose main role is navigating deals through to successful completion.
Derek has over 30 years experience in financial services having worked for Lloyds Banking Group (Bank of Scotland) in a variety of roles and has a strong knowledge of the banking sector.
Has been with Newsource Commercial Finance for over 5 years and has a good understanding of the Commercial Property Finance Market as well as the lenders operating within the sector.
Derek enjoys building strong relationships with Brokers and Clients as well as the lenders that we deal with.
In his spare time Derek enjoys all sports (mainly watching) and walking the dog.
Brian McLelland is a Case Manager for New Source Commercial Finance, whose main role is navigating deals through to successful completion
Brian has over 37 years banking experience, having worked for Bank of Scotland, Barclays, and latterly Santander, in a variety of roles.
Having joined Newsource Commercial Finance in September 22, Brian brings with him a wealth of experience of the banking sector.
Brian’s key strength is relation building, having worked in customer facing roles for the last 20 plus years.
In his spare time Brian enjoys playing golf and badminton as well as watching football
- Integrity in everything we do for all stakeholders.
- Transparency – We copy you into all communications to the lender to enable you to update your client.
- Urgency – 24 hour SLA on case submissions.
- Teamwork – we rely on the firepower of collective expertise to find an effective solution.
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Newsource is a broker not a lender...
Send us a message via our contact page or Call Us 01423 524 559
Newsource Commercial Finance Limited (NCFL) is registered in England & Wales No. 08374586 Registered office: Suite 2, One Cardale Park, Beckwith Head Road, Harrogate, North Yorkshire, HG3 1RY - Data Protection registration No. Z3536079 / NCFL is authorised and regulated by the Financial Conduct Authority (FCA): No. 718948. Some transactions are not regulated by the FCA
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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