The service was designed to complement the commercial finance arranged for bridging, de-velopment finance, specialist buy-to-let or commercial property finance for both purchase and refinance.

The newly launched services offers a route for FIBA members to be able to help their busi-ness customers access commercial insurance.

Additionally, it offers a route through which commercial property investors in the UK can find the protection they need for their business assets.

Adam Tyler, executive chairman of FIBA, said: “For many years, I have seen brokers in-volved in commercial finance benefit from customer introductions for commercial insurance purposes. There is now a straightforward and compliant route through FIBA to provide our members’ customers with this extra benefit.

“We are committed to ensuring our members can provide a full service to their customers for their commercial lending requirements thereby further supporting their advice and strength-ening their proposition and value.”

Mark Hutchings, managing director at Berkeley Alexander, added: “The team at Berkeley Al-exander are extremely excited to be working with FIBA and their membership, providing members with a simple referral service for insurance, and expanding their service offerings.

“We look forward to building a long-term relationship that will benefit both the membership, and their clients.”