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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Q2 Sees Rise In Residential Mortgage Lending

Data published by the Bank of England/ Financial Conduct Authority shows that there was an increase in the amount of residential mortgage lending when comparing the second quarter of 2018 with the same quarter of 2017. In Q2 of 2018 the total amount of regulated and non regulated residential loans outstanding was £1,417.2 billion whereas […]

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Home England And Barclays To Provide £1...

It has been announced this month that Barclays Bank and Homes England have entered into a partnership to provide £1 billion of development finance to small and medium sized property developers to help fund development projects to provide much needed new housing. Property developers will be able to borrow between £5 million and £100 million […]

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Gross Lending To SMEs Remains Positive In...

Readers may be interested to hear that, according to data produced by UK Finance, lending to the SME sector in the second quarter of this year has been positive. Let us hope that this continues during the remainder of 2018 and beyond. In the second quarter new loans approved for small and medium sized enterprises […]

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Help To Buy: Equity Loan Scheme A...

According to the Home Builders Federation (HBF), the Government’s Help to Buy: Equity Loan scheme would appear to be proving a success and getting more first time buyers on the housing ladder. It is quite possible that some of those purchasers may not have been able to afford to buy their homes without such support. […]

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Should You Fix Your Commercial Mortgage Interest...

Following the recent increase in the Base Rate that was announced by the Bank of England by 0.25% to 0.5%, some business owners who are considering applying for a commercial mortgage or already have one that is on a variable rate of interest may be wondering if they are better being on a fixed rate […]

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Fall In Number Of New Purchase Mortgages...

According to data published by UK Finance, there was a fall in the number of new mortgages completed for house purchases in June 2018. Let us have a look at some of the statistics that our readers should find of interest. In June, there were 33,700 mortgages completed relating to homeowners who were moving property. […]

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Bridging Lending Rises In Q2 of 2018

You may be interested to read that the gross amount lent by way of bridging finance increased significantly in the 2nd quarter of 2018 when comparing the figures with the 1st quarter of this year. However, one of the reasons for this may be that the number of packagers providing figures to Bridging Trends has […]

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Number Of Interest Only Lenders Rise

According to Moneyfacts.co.uk, there has been an increase in the number of lenders offering interest only residential mortgages that are going to be repaid following the sale of the property. Apparently, there are now 33 such lenders. Many years ago, there were an awful lot of lenders providing interest only mortgages but, following the economic […]

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Bank Of England Raises Base Rate

On the 2nd August 2018, the Bank of England announced that the base rate was to increase by 0.25% – from 0.5% to 0.75%. The rate was last increased on 1st December 2017 – from 0.25% to 0.5%. Such a rise will no doubt have an impact on the repayments that many people and businesses […]

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New Build Dwelling Starts Drop In Quarter...

Property developers will be interested to read that, according to the Ministry of Housing, Communities & Local Government House Building; new build dwellings, England: March Quarter 2018 Housing Statistical release published on the 28th June 2018, the number of new build dwellings that were started to be built amounted to around 39,350. This is a […]

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