Alan DOWNEY

Asset Manager

What is your position within the company and what would you say a normal day at work consists of?

I am Asset Manager for Ascot Bridging Finance. I respond to requests from the Bridging Team by making contact with the client/s to introduce myself and establish who is holding the keys to the property they are looking to secure finance against. I will arrange via the Estate Agent/Auction house rep/keyholder etc to collect the keys or arrange to meet their agent at the property. In parallel I will agree to meet the client/s at site to confirm their identities against their Driving License and Passport which I request they send to me, along with a recent Utility Bill to ensure their home address matches that on their DL.

I will question them regarding their plans for the property renovation and take photographs throughout the property. All of this will be assessed against the information they have provided via their broker etc to build a complete picture and assess their suitability to repay the Bridging Finance.

How did you get started in this area of work? How did you become involved with Ascot?

I retired from British Telecom after 42 years in 2019. I have been friends and work colleagues with Dave for over 40 years and he invited me into Ascot to discuss the role and I started at the end of 2019.

What aspects of your job do you enjoy the most?

I have a keen interest in property renovation, having completed 2 renovations and having 2 rental properties and I find meeting new clients and discussing their ideas extremely interesting as I would like to complete another property renovation when I have more time. Driving around the country also gives me a lot of thinking time.

What do you enjoy to do outside of work?

I have 3 daughters who, between my 2 eldest have 4 young grandchildren ranging in age from just under 2 years old to almost 8. They each have a boy and girl and myself and my wife help manage childcare, taking to school etc. I enjoy cycling and reading and attend Liverpool FC football games as and when I can obtain a ticket.