INDUSTRY NEWS

Commercial property attracts mortgage advisors

The commercial property mortgage market is attracting more advisors to sit its Certificate in Commercial Mortgages (CeCM), the ifs School of Finance has claimed.

Students learn to understand affordability suitability, risk management, the legal and regulator framework and factors affecting the value of commercial property, FTAdvisor has reported.

Mark Roberts, head of financial regulation at the school, said brokers should not be put off by tales of doom and gloom in the buy-to-let sector following the credit squeeze.

He noted while the amateur buy-to-let investor "may well have had his day as a result of declining property prices and a lack of mortgage credit, professional investors with large property portfolios appear to be doing very well indeed".

Commercial property values are still under pressure, although a series of new developments across the capital and building projects associated with the Olympics are set to brighten up London’s skyline.

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