Brokers report bright start to 2016

Tue 31 May 2016

Some 38% of finance brokers operating in the fields of bridging, development finance, asset finance and mortgages have reported a busy start to 2016, research from specialist lender United Trust Bank has found. A further 32% of brokers indicated that they’d received a good level of enquiries and just 10% reported lower levels of enquiries […]

AToM launches CRM system with Twenty7Tec sourcing

Tue 31 May 2016

Specialist mortgage packager AToM has launched a broker CRM system with specialist sourcing from Twenty7Tec. The CRM (customer relationship management) system was built from scratch and has been named AToM Together. The system integrates all the lenders on AToM’s panel including Kensington and Bluestone which were added this year. Dale Jannels, managing director at AToM […]

Target Group accepts £112m buyout

Tue 31 May 2016

Target Group will be acquired by global software company Tech Mahindra for £112m subject to Financial Conduct Authority approval. The management team including group chief executives Ian Larkin and Bill Alley will remain at the business. Target Group, which employs around 800 people, said this represents the start of a new exciting phase for the […]

Lenders expect limited company buy-to-let growth

Fri 27 May 2016

Lenders overwhelmingly expect growth in limited company buy-to-let in the next six months. The Vantage Point report from Vantage Finance found that nine in 10 (91%) lenders expected growth in limited company buy-to-let, followed by HMO and development finance (81%) and bridging (79%). Less than half (48%) expected to see an increase of buy-to-let finance, […]

NACFB releases schedule for Commercial Finance Expo

Fri 27 May 2016

The National Association of Consumer Finance Brokers has released the schedule for the Commercial Finance Expo taking place at the NEC in Birmingham on 15 June. Issues being raised include whether there remains a place for traditional style lenders and where the next group of brokers and funders are coming from. What the future holds […]

The Mortgage Partnership links up with Dudley BS

Thu 26 May 2016

The Mortgage Partnership (TMP) has signed a distribution deal with Dudley Building Society. North-West based packager TMP offers intermediaries access to specialist first charge, buy-to-let, second charge, commercial finance and bridging Ian Ward, TMP’s managing director, said: “We are delighted to be able to offer the Dudley Building Society’s products to our introducers. “They fill […]

new appointment

Fincorp’s Ronnie Natas exits the business

Wed 25 May 2016

Founding director of bridging lender Fincorp Ronnie Natas has exited the business with immediate effect. The lender confirmed that Natas, now 75, has retired and left the firm earlier this week. It is understood that he took the decision to retire following conversations with the other shareholders in the business. A spokeswoman at the lender […]

Fraud costs UK economy £193bn a year

Wed 25 May 2016

The annual cost of fraud in the UK could be as high as £193bn per year, research from Experian has found. This dwarfs previous estimates produced by the UK government which put the figure at around £50bn in 2013. Experian’s Annual Fraud Indicator 2016 has been overseen by the UK Fraud Costs Measurement Committee (UKFCMC), […]

Almost 60% of midsize businesses looking to borrow

Wed 25 May 2016

Some 57% of finance directors are looking to borrow money for their midsize businesses within the next two years, according to research from Nucleus Commercial Finance. Nucleus commissioned research agency Harries Interactive to interview 30 FDs at midsize companies and it found that within the next two years, 57% of FDs are planning on borrowing money […]

NACFB issues flatpack lender warning

Wed 25 May 2016

The National Association of Commercial Finance Brokers has warned SME’s about the increasing number of opportunistic lenders and ‘flatpack’ finance providers coming to market. Over the past two years, the NACFB has turned down 40 lenders for membership – 60% of which were rejected due to the lack of experience of their principals, specifically related to management and underwriting. […]