Interest rate update……………..

Bank could rein in rate hikes despite inflation fears – according to the Evening Standard. Experts believe the Bank of England may scale back interest rate rises due to the conflict in Ukraine, with analysts at ING saying there has been a “massive” re-pricing of interest rates in the UK, with markets now betting on rates rising from 0.5% to …

Non-standard and complex buy to let cases

It is surprising what is considered by many buy to let lenders as a “non-standard” case. Issues that we see include:- First time buyers; Portfolio landlords (excluded by many lenders) Properties to be refurbished; Adverse credit issues; Multi-unit blocks (apartments and HMOs) Remote locations away from main population centres; Scottish property; Low personal income on tax returns. Lenders affordability criteria …

What’s happening with interest rates ??

The news on the street is that another rise in Bank of England base rate is pencilled in for their February meeting – the result of which is due on Thursday 3rd February. Consumer price inflation rose to 5.4% in the year to December 2021 and expectations of inflation becoming an ongoing rather than temporary issue are starting to rise. …

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 …