CFI: NACFB
FLA reports double-digit growth in asset finance
New figures from the Fi- nance and Learning Associa- tion have reported a 10% in- crease in deals of up to £20m in the leasing sector in 2011. Total business written by
FLA members was £20.8bn with £19.5bn in sub £20m asset finance. The largest growth area was commercial vehicle finance which grew by 22% to £4.4bn compared with 2010. Julian Rose, head of asset finance at the FLA, said: “The growth in the use of as- set finance in 2011 shows just how important this type of finance is to UK businesses. We saw growth across the board in deals under £20m.” The growth in asset fi-
nance has also been reflected in the number of applica- tions received by the NACFB from this sector and whilst some areas of applications to the NACFB have dropped, applications from the asset finance sector have in- creased. Adam Tyler, CEO of the
NACFB said: “This is wel- coming news from the FLA and it is great to see one area of the commercial market moving forward. We have worked in alliance with the FLA for some time and re- cently launched the Small Business Finance Directory website with the FLA’s help (
http://www.smallbusinessfi-
nancedirectory.co.uk). The
website lists all brokers, funders and equipment fi- nance specialist in the UK and whether they’re affiliated with the NACFB or FLA. We are also due to run our
second NACFB Asset Fi- nance Seminar at the Church House Conference Rooms in
Westminster, London on the 1st March, which was fantas- tically well received by the sector last year and gave our members the opportunity to speak with funders in the market and suggests the ways in which brokers and funders can work together.”
Aldermore is NACFB sponsor for 2012
The NACFB is pleased to announce that Aldermore remains the Association’s sponsor for 2012, the twentieth anniversary of the Association. Adam Tyler, CEO for the NACFB said: “Without the annual support of a main sponsor, it would be difficult to maintain the high level of quality of the events throughout the year. Working with Aldermore in 2012, our twentieth anniversary year, will help us ensure that we can keep up the profile of the Association throughout 2012 within the industry and further afield.”
The Santander NACFB Override
Commission
Santander scheme for 2011 a huge success Commission
results from the Santander Override
Scheme that was established in 2011 exclusively for NACFB brokers has been a huge success. Adam Tyler, CEO of the
NACFB commented: “We were very pleased with the
25TH APRIL 16th MAY 27th JUNE 12th JULY
26th SEPTEMBER 10th OCTOBER 23rd NOVEMBER
Scheme which is just one example of some of the ex- clusive deals that the NACFB has secured for its members. “As an Association of pro- fessional brokers,
the
NACFB Events - Dates for your diary for 2012: 21ST MARCH
NACFB Regional Workshop NACFB National Roadshow NACFB National Roadshow Commercial Finance Expo NACFB National Roadshow NACFB Regional Workshop NACFB National Roadshow NACFB AGM & Gala Dinner
NACFB has the ability to se- cure exclusive deals with funders and this is largely down to the expertise and professionalism that NACFB membership represents. There will no doubt be more exclusive deals announced throughout 2012 with other
patrons and we look forward to working with our patrons to help our membership.” The Santander scheme
paid over 100 NACFB bro- kers lucrative commission rates for deals written with Santander throughout 2011.
York Railway Museum
Maximise Your Membership, Southampton Maximise Your Membership, Wellingborough NEC Birmingham
Maximise Your Membership, Preston London
Maximise Your Membership, Birmingham Westminster Park Plaza Hotel, London
www.mortgageintroducer.com
MORTGAGE INTRODUCER MARCH 2012 47
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