Barclays Asset & Sales Finance has
“temporarily” closed to broker-introduced business, a spokesman for
Barclays confirmed.

“This allows us to focus our efforts on our direct customers at
the moment, where we are very much receiving business,” he
added.

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Barclays Asset & Sales Finance offers vehicle finance – hire
purchase and finance leases – to clients, as well as financing a
wide range of other types of assets.

The news will come as a fresh blow to brokers, who are seeing
funding sources dry up in the wake of the continuing turmoil in
financial markets.

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