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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Residential Mortgage Lending Increases In March 2022

According to figures published by the Bank of England, the amount of net borrowing for residential mortgages in the UK was £7.0 billion in March 2022. This was a big increase when compared with the figure for February 2022 when the figure was £4.6 billion. Gross lending also increased from £26 billion in February 2022 […]

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Will Interest Rates Rise Again?

As you may be aware, on the 17th March 2022, the Bank of England increased the base rate from 0.5% to 0.75% here in the UK. This is the highest interest rates have been since pre-pandemic days and will have a significant impact on both businesses and individuals at a difficult time with rising costs […]

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Last Year Sees Big Improvement In Gross...

According to the most recent Bridging Trends infographic there was a big increase in the total gross bridging lending in 2021 when compared with 2020. This is perhaps not surprising as, for a time last year, we saw an improvement as the pandemic eased somewhat. In 2021, the total gross bridging lending amounted to £626.69 […]

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Big Rise In Total Gross Residential Mortgage...

According to figures published by the Building Societies Association (BSA) there was a large increase in the total gross amount lent for residential mortgages here in the UK in 2021 when compared with the previous year. Below we provide some of the statistics that you may find of interest but more details can be found […]

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Building Society Mortgage Lending Statistics

Many years ago, if you wanted a mortgage to help buy your first or subsequent home, you would get in contact with a building society where you might have had a savings account for a few years to build up sufficient funds for a deposit on a property. You would arrange an appointment with the […]

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Will The Recent Rise In Base Rate...

You may well be aware that, to try to deal with inflation, the Bank of England recently increased the base rate from a record low of 0.1% to 0.25%. So, will this small increase have any impact upon how much you are charged for your borrowing here in the UK? If you have an overdraft […]

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Rise In Gross Bridging Lending In Q3...

According to the Bridging Trends infographic, there was a large increase in gross bridging lending in the third quarter of 2021 when compared with the previous quarter here in the UK. In the third quarter of 2021, total gross bridging lending amounted to £190.24 million compared to £146.52 million in the second quarter of 2021. […]

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Gross Lending To SMEs Falls In Q2...

According to figures published by UK Finance, the amount lent to small and medium size enterprises (SMEs) on a gross basis dropped in the second quarter of 2021 when compared with the first quarter of 2021 here in the UK. In Q2 the amount totalled £5.2 billion whereas in Q1 of 2021 the figure was […]

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Interesting Arrears and Repossession Statistics For Residential...

UK Finance has published some statistics relating to arrears and repossessions for residential mortgages in the UK for the second quarter of 2021 some of which we mention below. Full details can be found on their website. There were 76,270 mortgages for homeowners that were in arrears where the amount of arrears equated to 2.5% […]

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Total Gross Bridging Lending Remains Stable In...

According to the Bridging Trends infographic that is produced every quarter here in the UK, the gross amount lent by way of bridging finance in the second quarter of 2021 was similar to that of the first quarter of this year. In Q2 of 2021 gross bridging lending totalled £146.52 million whereas in Q1 of […]

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