NM Finance

New Mortgage Finance Limited, operating as NM Finance, is a UK-based financial services provider specializing in mortgage solutions. The company was established in 1998 by Des Mace, with his son, Max Mace, later joining the team to strengthen the business. What began as a family-run enterprise has since expanded to include a team of 18 staff members operating from two offices located in Norwich and London. The firm's operational philosophy centers on educating and informing individuals to enable them to make sound financial decisions.

NM Finance's vision is to become a trusted broker, making expert financial knowledge universally accessible and understandable to assist clients with important future decisions. The company emphasizes its deep engagement with property finance, stating that its team "lives and breathes" this sector. NM Finance offers a comprehensive range of property finance advice and services, including development finance, commercial mortgages, residential mortgages, and remortgages. The company also facilitates bridging finance for both residential and commercial properties, buy-to-let finance, and solutions for self-build projects and equity release.

The directors and several staff members possess direct experience with various property projects, such as arranging buy-to-let finance, acquiring property at auction, securing bridging finance, constructing homes, and utilizing development finance for 'ground up' developments. While the company's website does not explicitly detail services for Purpose-Built Student Accommodation (PBSA), its expertise in multi-unit and commercial development finance, alongside buy-to-let mortgages, indicates a capacity to advise on and arrange financing for various property types that could include student accommodation projects. As a directly authorized mortgage broker, NM Finance is regulated by the Financial Conduct Authority (FCA), which oversees financial services firms and markets within the UK. This regulation aims to protect consumers from mis-selling or incorrect financial advice.

The firm operates with a "whole of market" approach, utilizing mortgage products from over 100 lenders to identify suitable solutions for its clients. NM Finance is equipped to handle diverse client circumstances, including those who are self-employed or have adverse credit histories, by understanding how to present complex cases to mortgage lenders. The company's services are limited to the United Kingdom, as it does not operate internationally. NM Finance collects personal information from clients to establish and fulfill contractual agreements and to comply with legal and regulatory obligations.

The company may share personal data with credit reference agencies, such as TransUnion, fraud prevention agencies, UK regulators, and other legal authorities. For Decisions in Principle (DIP) or Agreements in Principle (AIP), client information is submitted through the lender's automated decision-making process, with NM Finance not employing any in-house automated processing mechanisms. The firm implements technical and procedural precautions to safeguard personal information, preventing its loss, misuse, or alteration. All business data is stored off-site on a secure server, managed by a third-party contractor.