On the back of his initial success, and despite his inexperience (and the failure of the Mark 2), in 1961 Broadley was approached by Reg Parnell to design and build a Formula One chassis for his Bowmaker-Yeoman Racing Team. The Lola Mk4 featured the usual tubular spaceframe, with an innovative front suspension using lower wishbones and upper transverse links with radius arms, while the rear had upper and lower transverse links and radius arm; Broadley's idea continued to be used into the 1970s. The Mark 4 originally used the common Coventry-Climax four, while a 1.5-litre (91ci) V8 later became available. Though John Surtees and Roy Salvadori proved quick in them, and a one was put on the pole in its first ever race, the 1962 Dutch Grand Prix, by Surtees, the car failed to finish. Surtees went on to win the 2000 Guineas at Mallory Park, and placed second at the British and German Grands Prix.