NACFB website allows brokers to share tips

The National Association of Commercial Finance Brokers (NACFB) has launched a new forum on its website aimed at members who have problems placing a deal.

The trade body said its Deal Exchange has been developed to help members get together to share their experience and expertise and will be launched, initially for members' feedback, in the next week. It argued that the forum will help members work together to place deals they could not complete on their own.

Adam Tyler, chief executive of the NACFB, said that the organisation's head office has received increasing numbers of enquiries requesting information on which lenders will look at certain deals, and had moved to cut out the middle man.

He continued: "When brokers receive a request outside their field of expertise, they can place it anonymously on the Deal Exchange forum for another broker member to look at and offer his or her assistance. Brokers can then work together, and depending on whatever agreement they come to between them, split any commissions created by the deal."