In a move that will result in the loss of 85 members of staff,
Lombard has finally done what a host of other lessors did several
months ago and exited the broker introduced market.
The RBS-owned lessor, which is ranked one of the largest in
Europe, announced today that Lombard Business Finance and Lombard
Vehicle Management will pull-out of broker sourced business.
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A Lombard spokesman said the company is “open for business to
write new asset finance for commercially viable propositions” and
that the lessor would “honour all existing agreements”.
He added: “[The] number of impacted people could well be less
than 85, staff now have a number of options, redeployment or
voluntary redundancy.”
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