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 […]more
Turned Down By Your Bank For A Business Loan? – Don’t Despair!
If you are the owner of a business then it is quite possible that at some point you will require the likes of a business loan. Many businesses approach their bank for finance and for one or more reasons some requests are turned aside. If this were to happen to you then what options do […]more
Increase In Landlords Remortgaging
The most recent Financial Adviser Confidence Tracking (FACT) Index produced by Paragon Bank PLC reveals that there has been a large increase in the number of buy to let remortgage cases submitted by landlords between the first quarter of 2015 and the first quarter of 2018. The above index is produced from information provided by […]more
Why Do Banks Require A Cash Flow Forecast?
If you are the owner of a business that is either a new business start up or one that has been established for a number of years and require some form of finance then it is almost certain that in order to consider the proposition the bank or other lending institution will require sight of […]more
Gross Mortgage Lending Falls
You may be interested to read that in March 2018, according to UK Finance, the gross amount lent for residential mortgages amounted to £20.5 billion. This is actually a reduction of 2.3% when compared with March 2017. Obviously this is disappointing news at a time when the economy has appeared quite stable. It is to […]more
Hurdles To Overcome If You Need Finance For Your Business
Below we discuss just some of the hurdles that may get in the way of you obtaining business finance. Time If you are a small business owner then your time is often taken up with the day to day running of it. You may spend time on the phone to potential customers trying to obtain […]more
Mortgage Delays Are Biggest Reason For Bridging Loan Requests
According to the Bridging Trends report published for the first quarter of 2018, the biggest reason why people request a bridging loan is because they have encountered a delay in processing their mortgage application thus leading to a request for short-term finance. 24% of applications for bridging finance were for this purpose compared to 28% […]more
Remortgage Business Increases In January
According to data published by UK Finance there has been a record rise in the number of remortgages completed in the month of January 2018 when compared with figures for the last nine years. This would appear to be good news for both lenders and borrowers. In the first month of this year there were […]more
Lending to SMEs Increases In February
According to data produced by the Bank of England, the amount lent to SMEs here in the UK on a net basis increased in February 2018. That is a turn around when compared with the previous month. The total amount lent to SMEs in February 2018 amounted to £165.9 billion with this being a rise […]more
Rise In Bridging Loan Volume
MT Finance Ltd (mtf), a provider of bridging finance here in the UK, has recently produced results of a survey it carried out with 119 brokers. The data reveals that the volume of bridging loans increased in Q1 of 2018 with 30% of the brokers participating in the survey. 10% of brokers felt that volumes […]more
Short Term Lenders Remain Positive
The Association of Short Term Lenders (astl) has recently announced some positive data relating to how its members feel about the bridging loan market. Below we provide some of the information that we trust you will find of interest. Apparently, 63% of members of the Association of Short Term Lenders expect their bridging finance sector […]more