Good news to combat January Hangovers!
January 18, 2022To combat the supposed “Blue Monday” condition much talked about yesterday, we have decided that it should be good news week – as least as far as commercial finance is concerned! So what is good this week in our world? Well the first thing is falling rates. Despite the wider market sentiment that rates are going up, we have seen
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West Yorkshire Holiday Let
January 13, 2022We were approached by a residential mortgage broker to assist their client in purchasing a property in West Yorkshire that they could rent out as a ‘party house’ holiday-let. The client, already had a small BTL portfolio and they were looking to expand this and take advantage of the recent increase in the holiday staycation market. Whilst they had some
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Interest Rates & property values
December 10, 2021What 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
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Interest rates
December 11, 2020Interest 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
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Lender Update & CBILs for property Investors
December 11, 2020How 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
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Finance for your holiday let
July 24, 2020Buying 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
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Finance for your Pharmacy
April 27, 2020Are 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
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Funding Circle enter the CIBLs market
April 22, 2020COVID 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
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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
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Coronavirus Business Interruption Loan Scheme
March 21, 2020A 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
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