Is There A Benefit In A Lower...

If your business is seeking finance over the medium to long term perhaps to purchase new premises then is their any advantage in contributing more of the business’s funds to the purchase resulting in a lower level of borrowing being requested? In short, the answer may be ‘yes”. When you approach your bank or other […]

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Time Taken To Complete On Bridging Loan...

United Trust Bank has revealed the results of a Broker Sentiment Poll of in excess of 100 commercial brokers relating to certain aspects of bridging loans that makes for interesting reading. Below we highlight some of the findings. The number one priority of 44% of brokers for their customers is the time taken to process […]

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Concern Amongst SMEs About Late Payers

Many businesses are reliant upon their customers paying their invoices on time to ensure cash flow liquidity. Perhaps none more so than the owners of SMEs especially those who may have recently set up a new business venture. Some research has been carried out by Hitachi Capital UK relating to the late payment of invoices […]

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Q2 Sees Drop In Mortgages In Arrears

Many homeowners have a residential mortgage here in the UK and, unfortunately, some borrowers do get into financial difficulty and get behind with their mortgage repayments. So, how many people are in arrears? Well, according to data published by UK Finance, the number of homeowners falling into arrears equating to 2.5% or more of the […]

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Property Transactions In The UK Fall

You may be interested to read that, according to data produced by HM Revenue and Customs (HMRC), there has been a significant fall in the number of both residential and non-residential property transactions here in the UK in the 12 months to July 2019. Presumably, this will have had an impact on the number of […]

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Are SMEs Looking To Expand?

Ideally, the UK economy needs small and medium sized businesses (SMEs) to grow and many owners of such businesses would have had a plan to do so when establishing their new venture. However, as mentioned in the Small Business Finance Markets Update, July 2019 produced by the British Business Bank, there seems to be a […]

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What May Happen If You Don’t Keep...

When you take on a business loan it is important that you are confident that your business is able to maintain the repayments. What are some of the potential consequences if you are not able to do so? Legal Action – if you default on the loan then the lender may take legal action against […]

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Small Fall In Gross Bridging Lending In...

According to the recently produced Bridging Trends report there has been a small reduction in the total gross lending amount when comparing Q2 2019 with Q1 2019 here in the UK. The report is produced with data provided by mtf, Brightstar, Impact Specialist Finance, Clever Lending, Positive Lending, Complety, Pure Commercial Finance, Y3S Bridging and […]

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Mortgage Balances Outstanding Continue To Rise

Many people here in the UK want to own their own property but some find it too expensive or have difficulty in obtaining a mortgage so resort to renting. However, statistics produced by the Building Societies Association (BSA) reveal that the amount of balances outstanding on mortgages has continued to rise. This is evidenced by […]

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Start Up Loans Programme With British Business...

The British Business Bank, backed by the Government, announced last month that its Start Up Loans scheme had advanced £500 million to small business here in the UK since it was set up back in 2012. We are sure that our readers will agree this is excellent news and has no doubt helped many new […]

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Holiday Let Mortgages

In recent years, there has been an increase in the number of people holidaying in the UK and this has no doubt led to a rise in the number of holiday homes being made available to rent to tourists as a business venture. So, if you are considering buying a property to rent out as […]

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