More good news !!

So more good news in the commercial finance world for commercial mortgages. Hopefully the much talked about “Blue Monday” effect is already receding but to help the week further on its way, here is some more good news! So you may (or may not) know that in the Autumn 2021 budget, the government Recovery Loan Scheme has been extended – …

Interest Rates & property values

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 …

Finance for a Landlord to Grow Their Portfolio

Our client, already a successful landlord, required funds to complete a hotel refurbishment in order to continue to grow their property portfolio and the first charge lender wouldn’t advance further funds. The Key solution was to source a second charge for £160,000 over 5 years.

Bridging Loan to refinance existing debts

Our client was looking to raise funds to consolidate existing debts (incl VAT and rates arrears), raise funds to carry out works on his commercial property and for additional working capital. Security comprises of garage & forecourt, retail unit, joinery workshop and land to rear with 2 leased units. 12 months Bridging loan of £215k provided by our sister company …