What are the best options for property investment loans? There is continued anticipation of a rise in interest rates. It is still possible though that increases may be delayed if the new Omicron variant causes further Covid related economic problems. But it still seems highly likely that the Bank will have to step in shortly to address the increasing threat …
Interest rates
Interest Rate update as at December 2020 Possible negative interest rates We continue to live in unprecedented times in the UK! The Bank of England checking with the High Street Banks to see if they have the systems to in place for negative interest rates (we believe some haven’t….). Impact on savers Negative rates could mean that savers are penalised …
Lender Update & CBILs for property Investors
How are lenders reacting to the current economic situation? High street lenders The main Banks have definitely toned down their appetite. A number have virtually closed their doors to new loans. Others have reduced the scope and level of their appetite. In short lenders are more cautious. Buy to let lenders and challenger Banks These lenders have made some modifications …
Finance for your holiday let
Buying a holiday cottage is a long held dream for many, but can the financing also be described in this way? Perhaps in 2020 you want a “Staycation” – and buy your own holiday property! Reasons to be cheerful You love the place and can see good business reasons. A healthy rental stream from all the punters who share your …
Finance for your Pharmacy
Are you thinking of buying your own pharmacy? Or perhaps you are considering how to finance growth of a pharmacy that you already own? Or do you just want to look at refinance options? Is your Bank reluctant, slow or overly cautious? If your own bank is reticent, we have funders with significant appetite for the pharmacy sector. We can …
Funding Circle enter the CIBLs market
COVID Business interruption loan scheme (CIBLs) – Funding Circle enter the market In a queue for a CIBLs Loan? Most of the mainstream lenders are putting their own customers first in considering whether to grant an emergency CIBLs loan. So are you a with a Bank that is not part of the CIBLs scheme? Are you in a long queue …
CIBLs – Require funding? Has your loan application been declined?
To date only c.5000 loans have been approved and drawn via this flagship scheme. Many others have been declined, whilst other remain “in limbo” as the Banks seek more information or get caught up in a queue of pending cases. There are around 50 CBILs accredited lenders and partners. Some of these specifically seek to help businesses that have been …
Coronavirus Business Interruption Loan Scheme
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch early next week to support primarily small and medium-sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to …
NACFB, Coronavirus update
“The NACFB team joined a stakeholder partners call with the British Business Bank (BBB) yesterday to discuss their efforts ahead of the official launch of their Coronavirus Business Interruption Loan Scheme (CBILS). Full details are embargoed until the beginning of next week, but the efforts willl form part of a wider group of measures announced by the Treasury and the …
100% Funding on your Development Project
At Key, we work with a wide range of Development Lenders. We can source 100% funding on development projects where the lender becomes your “Build Partner” A facility that provides a full 100% debt and equity package with interest charged on funds drawn and profit share with borrower after total Gross Development Cost (including finance costs). Security is held in …