The National Association of Commercial Finance Brokers is looking to add IFAs and other intermediaries to its list of associate members in part to create a broader industry front to any possible future regulatory action.
In mortgage terms, NACFB primarily represents brokers of commercial mortgages, although its activities also stretch into the area of buy to let products, as well as representing leasing and asset finance brokers. Set up in the early 1990s, the Association has a Code of Practice and can expel members for committing fraud or otherwise damaging clients and lenders. Because the sector is currently unregulated, as compared with residential mortgages, it is felt increasing use of the code will be required by both brokers and lenders, says Keith Heron, chief executive. “The NACFB is keen to ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
