ING Lease Uk Limited issued a statement on Monday 29th October 2012, that they have decided to exit the Asset Finance Market in the UK.

This is very sad news for the UK asset finance industry as ING have been a cornerstone in the sector since many banks exited the market in 2008/09.

Asset Finance Solutions (UK) Limited would like to thank all our friends and ex colleagues at ING for all their help and support over the years and we wish them all the very best as many of them look for new opportunities.

The loss of ING will have a significant impact on the market, as they have historically been responsible for �1bn of funding into the SME market per year. We would like to assure our customers that we continue to have arguably the most comprehensive funding panel in the market and there will be no disruption to our service.

ING have confirmed that existing credit lines and facilities will be honoured up until the 30th November and existing agreements will continue as normal as ING run down their current facilities.

Many brokers in the market have had exclusive arrangements with ING, if your existing broker is unable to find a replacement facility then please do not hesitate to contact us and we will do all we can to help you.

To existing Brokers in the market now finding themselves with a limited offering we would welcome the opportunity to discuss how our franchise offering works and how becoming a member of the AFS team may help you continue to service your customer relationships.