Here at Key we have access to a lender who offers a revolving credit facility for UK businesses in order to pay for any goods or services that you may require. The facility is not secured against business assets so it works very well alongside other finance. Funding is accessed by settling supplier invoices via an online platform. Credit limits …
Main differences between Commercial Property Refubishment & Development Finance!
Commercial Finance funding can be somewhat complex and sometimes finding the right funding can prove difficult and confusing. Below highlights the two very popular funding options and key differences; Development Finance; The above refers to work from the ground upwards that will require certain permissions, i.e. whether building one or more properties from scratch or large-scale projects, I.e. Large-scale …
New Bridging Loans! Rates from 0.49%-no exit fees!
Are yourself or your clients looking for a short term lending solution? At Key we have very strong relationships with a wide variety of lenders in the market who can provide all our clients with the very best rates and terms. We have very close relationships with lenders who have recently launched new short term property finance that provides flexible …
Atom Bank Powers Ahead!
As trusted brokers and packagers for the digital bank, Atom Bank, we continue to follow the progress of this Fintech organisation with interest. As at June 2017, Atom Bank PLC had acquired c. £700M of deposits and had lent or committed to lend a similar level of mortgages both residential and commercial. Within the commercial sphere, Atom continue to offer …
Recent deal from Key-£100k Invoice Finance Facility!
£100k Invoice Finance Deal: Steel fabricators based in South Yorkshire. Business was experiencing cash pressures & their current facility was not working for them. The current provider had expressed that they wished to exit the facility so an alternative funder was required. Key introduced them to another lender who was sympathetic to their requirements & even assisted with putting in …
Current trends in the Commercial & Residential property markets!
House Prices in the UK are still rising, according to the latest Halifax housing survey. It is reported that house prices increased by 0.8% Month on Month in September! Whilst this is below the 1.5% rise in August it is beyond market expectations and probably reflects a continuing shortage of properties for sale and the growth in full-time employment. Furthermore, …
A new era for Property Investors?
From the 30th September 2017 there will be further changes brought into place for the buy to let market, and how lending institutions review funding applications from professional investors and landlords. At the beginning of 2017, banks embedded the first of the PRA’s ‘changes to underwriting standards’ which were designed to bring consistency to lending. Specifically with regards to the …
SME Health check index- North East & Wales take top spots in regional rankings!
Managing a successful small or medium enterprise is always a challenge, more so in todays uncertain economic environment. Across the UK SME’s are continuously overcoming a number of obstacles; lack of information & advice, cash flow and late payment terms, and one of the biggest difficulties is the ability to access funding. added to the above are the current political …
Buy-to-let mortgage flat fees reach new lows!
The flat fees for buy to let mortgages are now lower than they have ever been over the last 12 months. The average flat fee among buy to let mortgage products fell by more than 5% in Q2, down to £1,370 from £1,446 in Q1. This will be positive news for landlords favouring the new fee structure, saving them an …
The future of buy to let!
Industry experts have predicted complex buy to let lending is very likely to increase following the introduction of tougher underwriting standards under new guidelines. The latest (PRA) Prudential Regulation Authority changes, will put the above into place for portfolio landlords with four or more mortgaged buy to let properties, and will come into force from October. The changes are designed …