MIp31-33_1209:MI 2008 24/11/2009 16:45 Page 5
Commercial Finance: News
31
NACFB NACFB in talks with insurers
award
The NACFB is in talks with various NACFB members will be unable services to their clients and, if that
winners
insurance and ancillary product to offer advice or make any is the case, they are by no means
providers to offer members the recommendations (unless, of obliged to have to offer them
opportunity of offering their course they are FSA regulated to be through the NACFB’s system
announced
products and services to their able to provide this kind of service) (although they are welcome to do
clients through its but they will be able to provide an so if they choose). This is aimed at
CommercialKeeper system, earning introduction to a firm that can. the smaller broker firm, which
further income and building value Until a member has undertaken makes up the vast majority of the
The winners of the NACFB 2008
into their businesses. training offered by the NACFB, the Association’s membership, as the
Commercial Finance Industry
At the recent National facility to offer business to these impact of the recession has affected
Awards were announced at the
Association of Commercial Finance suppliers will remain switched off. them much more than some of
annual NACFB Gala Dinner at
Brokers (NACFB) AGM, held on Training will be run around the UK their larger, fellow members.
Stamford Bridge. The winners the second day of the Mortgage for brokers to attend and once they "This scheme is in the very early
were nominated by NACFB Business Expo last month, the have satisfied the NACFB that they stages and we hope that more and
members in its annual survey.
NACFB and the board of directors understand the limits of how FSA more supplier firms will be added
Chief executive of the
put forward the plans for the regulation allows them to operate, to the system over time. The
Association, Adam Tyler, said:
Association in 2010. Adam Tyler, they will be able to press a button to Association will own the
“It’s been a tough year for
chief executive of the NACFB, submit their clients’ details, via CommercialKeeper software and
revealed it was in talks with market CommercialKeeper, to the the ultimate aim is be able to
brokers and lenders alike and we
leaders and household names, insurance company to be able to provide it to every member as part
were absolutely thrilled by the
including firms such as Towergate provide a quote. of their membership package. But
number of members and Patrons
and Legal and General, to offer the Commenting, Adam Tyler said: before any of this can happen, the
who took the time to come
service which will be piloted in the “Some members, obviously, will pilot will be launched in January to
along. The aim for this year’s New Year. already be able to provide these iron out teething problems.”
Gala dinner was, for just one
evening, to forget the troubles
faced by the commercial finance
industry and have a good time –
and those who attended, did!
Absolute links with Aldermore
Those lenders and funders who
were nominated tin this year’s
awards are to be congratulated
Absolute Invoice Finance has existing and prospective chief executive of Aldermore.
on supporting brokers in a
joined forces with Aldermore Bank customers, as well as strengthening Phillip Monks said: “This is an
hugely difficult market.” PLC. and extending its available pool of important step for Aldermore in
The winners were: Aldermore acquired the specialist funding. its strategic development and
Business Bank of the Year:
provider of factoring and invoice Doug Crawford, chief executive of represents an exciting opportunity
Lloyds TSB
discounting solutions to small and Absolute, will leave Absolute after for Absolute to realise its full
medium sized enterprises (SMEs) the integration of both businesses potential though access to greater
Commercial Mortgage from AnaCap Financial Partners. has been completed and Ian funding. Both Aldermore and
Lender of the Year: Aldermore also markets finance Wilkins will assume the role of Absolute have ambitious growth
Barclays Bank
facilities to SMEs and the managing director, Invoice plans which are better achieved by
Lessor of the Year:
integration will enable Absolute to Finance, with responsibility for the joining forces than by
provide a broader range of day-to-day running of Absolute. approaching our shared market
ING Lease (UK) Ltd
specialist financial solutions to Ian will report to Phillip Monks, independently.
Factor/Invoice discounter
of the Year:
Bibby Financial Services
Vehicle Finance Provider
L&G to offer commercial loan
of the Year:
ING Lease (UK) Ltd
Legal & General Mortgage Club Ben Thompson, director, to get in on the act and we're
Buy-to-let Mortgage
is to offer its members a mortgages at Legal & General pleased to be one of the
Provider of the Year:
commercial loan through Omega, said: "Omega is one of the top distributors with access to this
BM Solutions
one of its commercial loan commercial loan providers in the product."
partners. market and this buy-to-let loan is Legal & General Mortgage
Short Term Funder of the Year:
The 3-year, fixed rate, buy-to- an indication that life is Club launched its commercial
Affirmative Finance Ltd
let commercial loan, provided by returning to the commercial loans service in June this year,
Specialist lender of the Year:
Tiuta, is available at 6.99 per cent property market. Everyone from with Omega and The Business
Close Brothers
to 70 per cent LTV. landlords to pension funds want Mortgage Company.
www.mortgageintroducer.com December 2009 Mortgage Introducer
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44