View more on these topics

Commercial business declines 20%

Members of the National Association of Commercial Finance Brokers saw a drop of almost 20% in overall commercial business from June 2007 to June 2008.

Business volumes fell in commercial finance main-ly because of a 59% drop in buy-to-let business.

But members did see a 16% increase in commercial mortgage business, with deals placed jumping from 4.9bn to 5.7bn.

Adam Tyler, chief executive of the NACFB, says: “The results are not surprising. The figures are adam tylerit is hardly surprisingtaken from June 2007 to June 2008, so there would have been four to five months at the beginning of the period relatively unaffected by the credit crunch.”

Recommended

MortgageStream teams up with Lime Network

Lime Mortgage Network has added the MortgageStream system to its panel of products and services available to its appointed representatives and directly authorised members.

Grey area

Mole enjoyed the sights and sounds of Birmingham’s Botanical Gardens in honour of the Pink Home Loans Service Awards last week, thanks to edeus. Mole chuckled at many a quip from Pink managing director David Copland’s lips.

Thumbnail

Trust me, I’m a provider

By Craig Paterson, Underwriting and Claims Philosophy Manager, Royal London Hard-hitting headlines “Dying mother of two is refused life insurance payout.”1 “What a way to treat a dying man: Grandfather refused life insurance claim.”2 “A widow betrayed by a life insurance company.”3 With headlines like these, it’s no wonder some consumers don’t trust providers. Trust […]

Newsletter

News and expert analysis straight to your inbox

Sign up