I am writing with a warning for anyone looking to raise commercial finance.

I am a mortgage broker so should have remembered that commercial finance is not regulated. Exactly what this means has been brought home to be by coming into contact with certain brokers.

I was dealing with a company called Praxis Commercial, no longer trading it seems, and nothing to do with Praxis homeloans, an excellent company. (Clearly an attempt to piggyback the name.)

I paid £1300 to Virtua Finance for an application and a valuation never carried out. I have been promised a refund for over a month, 'cheques have been sent' transfers made' nothing has materialised though!!!

I have actually been verbally abused by personal email, using languag I cannot repeat here !!!!!!

I would strongly advise against using Praxiscommercial.com, virtua finance or any company involving Jamie Goldsmith.