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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What Is A Retirement Interest Only Mortgage?

A retirement interest only mortgage is available for older people and enables you to continue to live in your home and only pay the interest each month rather than also repay the capital thus keeping your repayments at an affordable level. Many interest only mortgage borrowers have experienced financial constraints in recent years resulting in […]

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Interesting Residential Mortgage Lending Statistics For Q2...

The Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA) have jointly published some interesting figures relating to the residential mortgage market here in the UK for the second quarter of 2019. These figures have been collated from data provided by about 340 regulated mortgage lenders and administrators. All the data can be found […]

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Should You Repay A Business Loan Early?

When you take on a business loan to support your business in some way whether the monies are to be used for say property purchase or buying machinery you will agree a repayment term with the lender usually over a number of years. It is quite likely that the loan will run its full term […]

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Business Finance Council Launched

Readers will be interested to hear that it has recently been announced that the British Finance Council has been launched to assist SMEs obtain funding. This is potentially good news for this important sector of businesses. The British Finance Council will include senior members of the major banks here in the UK plus it will […]

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Time Taken To Complete On Bridging Loan...

United Trust Bank has revealed the results of a Broker Sentiment Poll of in excess of 100 commercial brokers relating to certain aspects of bridging loans that makes for interesting reading. Below we highlight some of the findings. The number one priority of 44% of brokers for their customers is the time taken to process […]

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Concern Amongst SMEs About Late Payers

Many businesses are reliant upon their customers paying their invoices on time to ensure cash flow liquidity. Perhaps none more so than the owners of SMEs especially those who may have recently set up a new business venture. Some research has been carried out by Hitachi Capital UK relating to the late payment of invoices […]

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Q2 Sees Drop In Mortgages In Arrears

Many homeowners have a residential mortgage here in the UK and, unfortunately, some borrowers do get into financial difficulty and get behind with their mortgage repayments. So, how many people are in arrears? Well, according to data published by UK Finance, the number of homeowners falling into arrears equating to 2.5% or more of the […]

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Property Transactions In The UK Fall

You may be interested to read that, according to data produced by HM Revenue and Customs (HMRC), there has been a significant fall in the number of both residential and non-residential property transactions here in the UK in the 12 months to July 2019. Presumably, this will have had an impact on the number of […]

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Are SMEs Looking To Expand?

Ideally, the UK economy needs small and medium sized businesses (SMEs) to grow and many owners of such businesses would have had a plan to do so when establishing their new venture. However, as mentioned in the Small Business Finance Markets Update, July 2019 produced by the British Business Bank, there seems to be a […]

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What May Happen If You Don’t Keep...

When you take on a business loan it is important that you are confident that your business is able to maintain the repayments. What are some of the potential consequences if you are not able to do so? Legal Action – if you default on the loan then the lender may take legal action against […]

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