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The NACFB is the only UK trade body dedicated to the commercial finance broker. We represent members from across the whole commercial finance market: from buy-to-let specialists and commercial mortgage advisers to vehicle finance brokers; from leasing and asset finance specialists to factoring brokers. All NACFB members comply with an industry recognised Code of Practice
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Commercial lenders still support brokers, says NACFB

21st May 2008

Following the Mortgage Business Expo in Manchester and reports of a lack of lender support for brokers, Adam Tyler, Chief Executive of the NACFB, comments: “The recent unfortunate trends seen in the residential mortgage market, of lenders turning their backs on brokers, has not been followed in the commercial sector. Commercial lenders are still committed to the broker market and, if anything, are as keen now as they were twelve months ago to secure their share of broker introduced business.”

Adam Tyler continues: “Although times are undoubtedly tough for commercial brokers right now, with many lenders reducing their maximum LTVs and tightening their criteria, many lenders are still keen to work with brokers. This could be seen at the Mortgage Business Expo – as many of the lenders who did exhibit were centred in the Commercial Zone. Although the markets are very difficult, in some ways it’s never been a better time to be a commercial specialist because money is much harder to come by so business owners and managers need all the help they can get to secure those vital funds.”

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