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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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Business on the up
1st October 2007
Business Moneyfacts
Page 4
October edition
The National Association of Commercial Finance Brokers (NACFB) has announced the results of its latest annual survey of its members. the results have shown that the total amount of business written by membr brokers has increased by a staggering 46.6% from £13.3 billion last year to over £19 billion this year. Buy-to-let mortgages saw one of the biggest increases, from £4.7 billion last year to £9.7 billion this year - an increase of 104% year on year - but the area of largest growth was vehicla finance, which saw an incredible 339% growth from £290 million last year to £1.2 billion this year.
Chief executive of the NACFB, Adam Tyler, commented: “There have been a few changes in the way the figures have been correlated this year. For one thing, we have asked members to separate out bridging and short-term finance from the commercial mortgage figures, to get a more accurate picture of the size of market and the amount of broker activity. More brokers are taking the holistic approach and writing business across the entire market: commercial mortgage, leasing and asset finance, vehicle finance, and also some factoring and invoice discounting; as and when the client requires it."
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