State Securities expands commercial mortgage team

State Securities has appointed two new staff in response to growing demand for its commercial mortgage for credit-impaired customers.

Stuart Skinner will be responsible for developing new business and supporting the broker market in Southern England and Eddie Graham will be covering the midlands and north of England and Wales.

Martin Thurlby, Commercial Mortgages Manager, said, Im delighted to be heading up this exciting expanding team. Eddie and Stuarts appointments will help State Securities become a significant player in the commercial mortgage market."

Eddie said, Im looking forward to building on my previous sales experience and am committed to helping finance brokers get a better deal for their business customers."

Stuart said, We have seen strong interest from brokers in our commercial mortgage product for credit impaired customers. It's not something that has been readily available before."

Customers requiring assistance with their business funding requirements should call 01489 775600 or visit: www.statesecurities.co.uk

-ENDS-

FOR FURTHER INFORMATION CONTACT :

Liz Cullen, Media Relations      
Tel : 020 76124639
Liz.cullen@statesecurities.plc.uk

Jo Macklin, State Securities      
Tel : 01489 775600
jmacklin@statesecurities.plc.uk

NOTES TO EDITORS :

State Securities offer assistance to customers who are looking to raise finance for the acquisition of assets either new or used, along with the re-financing of assets already owned by the business. It also provides commercial mortgages for properties such as factories, warehouses, offices and retail.

State Securities works with a wide range of clients, including public and private limited companies, partnerships and sole traders as well as companies which have difficulty in raising finance in a short period of time, for example new start businesses and businesses in corporate or individual voluntary arrangements.

State Securities has over 20 years experience in the asset financing market and are part of First National Bank plc which provide a range of personal and business finance solutions. First National Bank is one of the UKs leading finance houses with 4000 staff, relationships with over four million customers and net loan assets of around 9 billion.

First National Bank plc, which has head offices in Harrow, became part of the Abbey National Group in 1995. Rapid growth in the last five years has seen First National grow to more than eight times the size it was in 1995, and profits have leapt by 130 million in the same period.