Chief Executive of the NACFB, Adam Tyler, comments on today’s announcement from Base Commercial Finance that they will be temporarily withdrawing from the market.

 

He said: “It’s a real shame to hear that Base is having problems, but it’s also good to hear that they have decided to take early action which allows them to honour their existing pipeline of business. This means that any broker, who has managed to secure an offer for their client, won’t have the rug pulled from under them.”

 

“Base had recently restricted their distribution to selected brokers and NACFB members which means that hopefully any impact on application business will be minimal. As ever, if any NACFB member needs a pointer as to where to place any cases they can contact the Exeter office who can help. I would like to wish Base every success with their plans and look forward to welcoming them back to the market very soon.”