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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Gross Lending To SMEs Rises In Q1...

You may be interested to read that, according to the Business Finance Review produced by UK Finance, gross lending to SMEs that includes overdrafts and loans was greater in the first quarter of 2021 in comparison to the same quarter last year. In the first quarter of this year, the amount of gross lending to […]

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Fall In UK Company Insolvencies In Twelve...

Many businesses have struggled during the pandemic with some regrettably ceasing to trade no doubt for a variety of reasons. However, according to a government website, the number of companies becoming insolvent in the twelve month to 31st March 2021 dropped in comparison to the same period in the previous year but this was, in […]

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Fall In Residential Mortgage Lending In 2020

It will probably not come as a surprise to read that the number of residential mortgages completed in 2020 here in the UK dropped when compared with 2019 according to figures published by UK Finance. After all, here in the UK, early 2020 saw the start of the pandemic due to the coronavirus. The figures […]

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Small Increase In Gross Bridging Lending Q1...

Despite the coronavirus pandemic, there was a slight rise in the total amount of gross bridging lending according to the Bridging Trends Infographic in the first quarter of 2021. This may come as a surprise to a lot of people. In the first quarter of 2021 the total gross amount lent by those contributing data […]

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Increase In Lending To SMEs

According to UK Finance’s figures, the amount lent on a gross basis to Small and Medium-Sized Enterprises (SMEs) in the 9 months to 30th September 2020 amounted to £54 billion. Apparently that was more than twice the amount that was lent to SMEs here in the UK throughout the whole of 2019. Obviously, the coronavirus […]

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Large Reduction In Bridging Finance In 2020

It is probably not a surprise to read that the amount lent by way of bridging finance in 2020 dropped significantly here in the UK when comparing the figures with 2019 according to statistics published by Bridging Trends. So, let us look at the figures in Bridging Trends infographic in a little more detail. The […]

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Government Publishes Coronavirus Business Loan Scheme Statistics

You may be aware that last year the government here in the UK put in place some lending schemes to help certain businesses that have been affected in a negative way because of the coronavirus pandemic. We thought we would share with you some of the statistics relating to some of the lending schemes as […]

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Have You Taken Advantage Of A Business...

There are many thousands of small. medium and large businesses in the UK that have suffered financially due to the coronavirus. For instance, you may be the owner of a restaurant that has had to close temporarily due to the pandemic. If you have a business loan in place then you may still be able […]

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Gross Bridging Lending Increases In Q3 2020

There was a big rise in the total gross bridging lending figure in Q3 2020 when compared with Q2 2020. One of the reasons for this may be due to the relaxation by the government on how much stamp duty is payable at the moment. Until 31 March 2021, on residential properties sold for a […]

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Increase In Balances Outstanding On Residential Mortgages...

According to figures produced by the Building Societies Association, the level of balances outstanding on residential mortgages here in the UK in September 2020 rose to £1,478,188 million. This was an increase when compared with August 2020 when the figure was £1,472,734 million. Banks and building societies accounted for £1,312, 402 million. Other specialist lenders […]

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