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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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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Gross Lending To SMEs Drops In Q1...

According to the Business Finance Review published by UK Finance earlier this year, the amount of gross lending to SMEs (Small and Medium Sized Enterprises) fell to £5.6 billion in the first three months of this year when compared with the last three months of 2019 when the figure was £6.1 billion. That equates to […]

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Large Fall In Bridging Advances In Q2

It will probably not come as a surprise to read that the amount of new money lent by way of bridging loans in the second quarter of 2020 fell significantly when compared with the first quarter of this year. One of the reasons for this will no doubt be due to COVID-19 that may also […]

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When Is A Business Overdraft Facility Cheaper...

As a general rule, the interest rate charged by a bank or building society for a business overdraft is higher than for a business loan. Therefore, you probably think that you will end up paying more interest on an overdraft facility than a loan. Well, this is not always the case but why? Let us […]

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Residential Mortgage Lending Statistics Make For Interesting...

The Financial Conduct Authority (FCA) has produced some statistics relating to residential mortgage lending. Below we provide some of the information that we thought you may find of interest. At the end of the first quarter of 2020, the outstanding amount of residential mortgages stood at £1,509 billion. This figure was 3.9% more than at […]

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UK Businesses Borrow Record Amount In March

According to the Bank Of England’s Money and Credit – March 2020 document that it published on the 1st May 2020, a record amount was advanced in the form of bank loans in March 2020 to UK businesses. The amount of new lending by way of bank loans totalled £34.1 billion. This is a dramatic […]

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