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 …
Looking for Short-Term Finance for your business?
Most businesses are at some point in their life faced with a deficiency of cash to fund their operations. This can arise for many reasons, including recent seasonality in the business, rapid growth, large projects and important fixed asset purchases. In the last four years, an absolute myriad of funding solutions have sprung up, there are over 100 peer to …
What is a Business Cash Advance?
With a Business Cash Advance, funders will advance your business around one months’ card takings for any business purpose. That capital, plus a one-off fee agreed at the start, forms the repayable balance you owe back to them. Repayments are taken via the Merchant being sent an agreed % deduction of your daily card sales, only as and when you …
Putting finance in place for property auction purchases
Property auctions continue to be popular for those wanting to buy a property promptly and at a competitive price. We deal with many property developers, landlords and commercial investors to help source the quick finance needed as often full payment for the property is required within twenty eight days from the gavel going down. This makes bridging finance the preferred …
Crazy Rates for Invoice Finance
The Invoice Finance market has always been a competitive one but now more so than ever. The last few years have seen a lot of new players entering the market. There was a time when invoice finance was the only alternative to a bank overdraft but with lots more innovative finance solutions becoming available we’re finding that lenders are …
Collapse of Carillion Group! Finance Solutions from Key!
You will be aware of the collapse of Carillion this week. Here at Key Commercial Finance Solutions Ltd we understand the major knock on effect that will impact many sub-contractors, suppliers and professional firms, whose cash flow will be impacted over the coming months as a result of not receiving payment from Carillion. We would like to make you …
The Key benefits of Invoice Finance?
Keeping cash flowing is the most important part of any business. Invoice Finance enables you to do this by releasing cash tied up in outstanding invoices, giving your business an immediate cash injection and on-going supply of cash that grows in line with your sales. Whether you are a small start up business struggling with working capital, or a larger …
Finding the right Development Lender!
The construction Industry is ever changing therefore we are regularly seeing new methods coming into play, and as lenders we need to think very carefully about how we fund such methods in the most appropriate way. Having an appreciation for property is extremely essential to both the Development and Bridging sectors, and many Bridging lenders have come unstuck when it …
The demand for Bridging Loans continues to Rise!
The demand for Bridging Loans continues to rise yet again! In 2016 the annual bridging lending was £626.4 million and has continued to rise this year to £4.7bn. Bridging loans have mostly been used for property, often to repair broken property chains or to purchase a property quickly. However, increasingly SME’s are turning to this very flexible form of finance to …