Is There A Benefit In A Lower Loan To Valuation (LTV)?

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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Are Non Status Bridging Loans Available?

Some years ago, it was not too difficult to obtain non-status borrowing but following the credit crunch fewer lenders were providing such finance with the Bank of England and regulators tightening up on how lenders should underwrite borrowing applications. However, there are now many individuals including some business owners as well as their businesses who […]

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Company Insolvencies Rise

Business owners will be interested to read that, according to statistics provided by The Insolvency Service, the number of company insolvencies rose in the third quarter of 2017 when compared with the same quarter of last year in England and Wales. It will be interesting to monitor the impact the recent increase in the Base […]

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Base Rate Increase

It probably does not come as a surprise to people but the Monetary Policy Committee of the Bank of England met today (2nd November 2017) and announced that the base rate was to increase by 0.25% to 0.5%. This news will no doubt disappoint many of those people and businesses who are borrowing money as […]

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Drop In Gross Bridging Lending In Q3

According to the Bridging Trends infographic covering the third quarter of 2017 there has been a small reduction in the amount of gross bridging lending made by those lenders contributing to the infographic when compared with the second quarter of 2017. In Q3 of this year gross bridging lending amounted to £142.75 million whereas in […]

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Development Bank Of Wales Set Up

On the 18th October 2017 the Development Bank of Wales was created with a view to providing finance to a variety of Welsh business types including SMEs (small and medium size businesses), micro businesses as well as large businesses. The bank is able to provide business loans from as little as £1,000 up to £5 […]

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Start Up Loans Scheme Benefiting Many Businesses

The Start Up Loans Company was set up in 2012 with a view to providing financial support to people setting up new or recently established businesses here in the UK as well as to provide support from mentors. So, how successful has it been so far? Well, a report produced by SQW Ltd with the […]

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Specialist Mortgage Lending Increases

There is no doubt that the more lenders providing mortgage finance in the market place has to be a positive thing from the consumers point of view as greater choice may lead to more competitive products and lower interest rates and charges here in the UK. Well, the Intermediary Mortgage Lenders Association (IMLA) has produced […]

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Percentage Of Valuations For Remortgages Increases

You may be interested to read that, according to Connells Survey and Valuation, in August of this year the percentage of remortgage valuations increased when compared with the same month last year. Apparently, in August 2017, 37% of valuations were for remortgage business with this being a rise of 3% in comparison to August 2016. […]

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Manufacturing Industry Sees Big Rise In Lending

The Bank of England produces lending statistics on a regular basis for a variety of different products including businesses of various sizes and types. It has published some data for the month of July 2017 that makes for interesting reading. For instance, when comparing July 2017 with the same month last year, the volume of […]

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Plot Shop Opens Its Doors

If you are a property developer then you may be interested to read that earlier this month the first Plot Shop in the country opened its doors in Bicester to sell plots of land to the likes of self-builders. The plots are on the Graven Hill site that is located in Oxfordshire. The shop was […]

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