In Reference Appointments & Updates
Bibby Financial Services has announced the move of its global headquarters to Pembroke House, Banbury Business Park. Global chief executive David Postings said: “We have grown significantly
in recent years. Our move to larger premises reflects this expansion and our ambitious growth plans over the coming years. “Having our central support teams together allows our internal network to
work more closely, enabling us to better support staff and clients alike. We decided on Oxfordshire as the location of our headquarters due to its excellent transport links, the geography of our current teams, and the scope to expand.”
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New figures from the Finance & Leasing Association (FLA) show new
business in the point-of-sale (POS) consumer used-car finance market grew 12% by value and 9% by volume in October, compared with the same month last year. The POS consumer new car finance market also reported new business up 8% by value and 1% by volume in October. The percentage of private new car sales
financed by FLA members through POS reached 86.3% in the twelve months to October, up from 86.2% in the 12 months to September. Geraldine Kilkelly, head of research and
chief economist, said: “The performance of the POS consumer car finance market in recent months has been very much in line with expectations of broadly stable new- business volumes in the new-car sector, and single-digit growth in the used-car sector.”
London had the highest regional mortgage sales growth in November, according to analysis of the intermediary marketplace by Equifax Touchstone. The capital showed the strongest regional
performance with a 7.3% increase in mortgage sales, while the South Coast and South East followed behind with notable growth of 2.9% and 2.7% respectively. Northern Ireland saw the biggest fall of 6%. Buy-to-let mortgage sales for the month jumped 7.8% to £3bn while residential
figures for November stayed the same for the second consecutive month, at £12.2bn. Iain Hill, relationship manager, said:
“After a lacklustre performance in October, it is promising to see London mortgage volumes picking up, and that, combined with the South Coast and South East regional performance, there are strong signs of positive growth in the south of the UK.”
Fleet Mortgages has launched three new limited company products for those borrowers using corporate structures to purchase or remortgage. The three new products are available with immediate effect and are available up to 65% LTV. Bob Young, chief executive officer, said:
“With just a few weeks left until we see some significant changes to the buy-to-let market for many lenders, it is vitally important that advisers look at all the available options for
Pembroke House, Banbury
those clients who are going to be impacted by this. To that end, and given the growing popularity of limited company buy-to-let, we have launched three new products in our range for borrowers using the advantages of a corporate structure.”
Businesses trading in the steel and metals industry should be prepared for challenging times ahead as the sector faces difficulties, according to a report by Atradius. The recent Atradius Market Monitor report
on the performance and outlook of steel and metals warns the sector is challenged by overcapacity, fierce competition, exchange rate volatility, high energy costs, ongoing austerity measures and increased uncertainty following the Brexit vote. Atradius’ analysis has resulted in the sector rated with a ‘poor’ outlook and reports that the average payment duration is 60 days.
Just Mortgages has beaten its own targets by generating £350,000 of income and placing approximately 250 remortgages since the launch of its client-services division in January 2016. It has exceeded its annual target by £50,000 and has set a target of £1m for 2017. John Phillips, group operations director at Just
Mortgages, said: “The client-services division has allowed our brokers to place more business and the response to the department has been exceptional. In light of this, we have exceeded our annual target by £50,000, and there is still a month to go until the end of the year.”
John Phillips
Call & Screen Recording, PCI DSS Payment Portals, Call Scoring Applications. Centralised compliance, productivity & visibility. Protection for new measurements being considered already live
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www.geniusppt.com 48
www.CCRMagazine.co.uk January 2017
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