Former Amicus directors launch Arbuthnot Specialist Finance
Arbuthnot Latham & Co, the private and commercial banking and wealth management arm of the Arbuthnot Banking Group, has launched a new specialist lending division.
"We are delighted to announce the launch of Arbuthnot Specialist Finance and to introduce our product to the short-term lending space."
Arbuthnot Specialist Finance Limited (ASFL) will provide short-term finance solutions for purchase, refinance and development projects for property professionals and entrepreneurs across the UK.
Shoaib Bux and Yasin Patel lead the division as joint managing directors, having previously both been divisional directors at Amicus, in addition to launching Mayfair Bridging in 2007.
ASFL has also appointed VAS Group to manage all valuations work, with VAS Panel supplying full panel management and VAS Audit reviewing all applications over £1m.
Shoaib Bux and Yasin Patel said: “We are delighted to announce the launch of Arbuthnot Specialist Finance and to introduce our product to the short-term lending space. Our offering is tailored to client needs and brings private banking style relationship management and bespoke service to all real estate finance solutions. We look forward to working with property professionals and entrepreneurs across the UK.
“Utilising the VAS systems and their experienced team allows us to make the valuation process, one of the key aspects of the client journey, as efficient and seamless as possible.
“Arbuthnot Specialist Finance has put the client at the centre of our operational model and VAS share this ethos, this new partnership is an important tool in delivering our core service commitment.”
Stephen Todd, co-founder and managing director of VAS Group, added: “The Arbuthnot Latham name is world-renowned, so to be involved with ASFL from its inception, assisting them with their initial valuation strategy and being entrusted to provide them with a full valuation service, is a privilege.
“The two VAS businesses will work hand-in-hand to ensure all valuations processes – from placement through to auditing, plus any additional required reports which assist with the overall decision making process – are delivered with the same seamless quality as expected by our lender partner.”
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