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1st Stop secures funds for expansion of car finance business

A Blackpool based loan specialist is set for expansion after securing a funding deal from the Isle of Man. The 1st Stop Group, which was founded in Blackpool in 2004 and employs around 60 staff at several UK sites, has teamed up with Conister Bank, part of the Manx Financial Group. 1st Stop Car Finance, one of the Group’s subsidiaries, will introduce and pre-underwrite hire purchase loans on behalf of Conister Bank, including online applications for vehicle finance via its consumer website www.1ststop.co.uk. Conister Bank estimates that the arrangement will generate a near 10 per cent increase in its loan book in the first 12 …

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Manx Financial Group PLC agree Funding Agreement with 1st Stop Car Finance

Manx Financial Group PLC, the Isle of Man based diversified financial services group including the wholly-owned licensed banking subsidiary Conister Bank Limited (“Conister Bank”), continues to extend its UK distribution network through regional partnering arrangements. Conister Bank has entered into a funding agreement with 1st Stop Car Finance Limited (“1st Stop”) to provide vehicle loans to consumers. 1st Stop is part of the northwest based financial services 1st Stop Group which offers a range of loan products to the retail market. 1st Stop will introduce and pre-underwrite loans on behalf of Conister Bank, including on-line applications via its website www.1ststop.co.uk. Conister Bank anticipates that the arrangement will generate …

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