Top UK trustee FNTC (First National Trustee Company Ltd) and Shawbrook Bank have joined forces to offer holiday resort developers a helping hand with consumer finance solutions which make it easier for people to buy a timeshare or fractional property.
The collaboration will give developers the chance to choose the right legal structure for holiday ownership developments – an essential element if they want to offer customers a finance facility.
FNTC revealed that its bespoke service will help developers to secure consumer finance, as well as offering the following services:
• CardScape: a credit card platform for all major currencies to facilitate the collection of fees and sales revenues.
• Management fee collection on a monthly basis with CardScape Instalments.
• Administration services
Shawbrook Bank offers unsecured loans from £1,000 to £50,000 (subject to status) to British residents looking to finance their holiday ownership purchase, with fully flexible repayment terms ranging from 12 to 180 months. Benefits include:
§ Finance 100% of the contract price
§ Achieve higher acceptance rates with our rate for risk product
§ Joint applications increase acceptance rates due to joint affordability
§ Online systems provide decisions within seconds
§ Easy to use documentation
FNTC is market leader in the shared ownership travel and leisure industry , they manage over £2.5 billion of property assets , work with over 300 resort developments and provide services to over 650,000 consumers worldwide
For more information visit www.fntc.com
Shawbrook Bank launched in October 2011 and has established itself as one of the leading ‘challenger banks’ in the market. The bank has assets over 1.5bn and has raised over £1bn in customer deposits since its launch.
For more information visit www.shawbrook.co.uk