what is top slicing

What is Top Slicing?

What is Top Slicing? Let’s remember that the whole financial sector loves an acronym and loves a sound bite. Top Slicing sounds more like my golf game, but it is all about buy to let lending and using other income to support a shortfall in rental income. It works where the traditional lending to rental
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bounce back loan options

Your Bounce Back Loan Options

Your Bounce Back Loan Options The video below was released by the British Business Bank and applies to all bounce back loans regardless of which lender you borrowed from. As repayments start to fall due, you now have a few options should you need to buy a little more time or want to shield your
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what libor changes mean for borrowers

What LIBOR changes mean for borrowers

What LIBOR changes mean for borrowers LIBOR will disappear at the end of 2021. At the moment many commercial borrowers will be borrowing on a rate linked to LIBOR. Lenders are starting to send out letters and communication to borrowers, with that in mind I want to provide some detail and understanding as to what
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Capital allowance march 2023 new equipment

Equipment & Asset Finance – Capital Allowances

Equipment & Asset Finance – Capital Allowances Also known as the ‘super deduction‘, there is an increase in what companies can claim back against their corporation tax when purchasing new assets or equipment. Historically, companies could claim back the cost of new equipment and asset purchases as a P&L cost, meaning that their corporation tax
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holiday let mortgages

Holiday Let Mortgages

Holiday Let Mortgages Statistics from one holiday let mortgage lender showed a 30% jump in holiday let mortgage applications in the six months to March 2021. The average price of a holiday let purchase had increased from £387k in October 2020 to £435k in March 2021. This is a 12% increase in just six months.
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financing property at auction

How to finance a property at auction

How to finance a property bought at auction Forget any episode of ‘Homes under the Hammer’ that is not how real life works. When buying a property at auction you typically only have 28 days to complete on the purchase, which means being a cash buyer or having the finance in place before you bid.
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wood vs commercial first business

Wood v Commercial First Business Ltd

Wood v Commercial First Business Ltd This case has ruled on last week following an appeal bought by Mortgages For Business. The case was about the payment of commissions by a lender to a broker and where that left the responsibility of the broker and the lender. In essence, if the lender pays a commission
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joint venture property tips

Tips on Joint Venture Developments

Joint Venture Developments A joint venture is when you undertake a project with a commercial aim in partnership with another person/s. Joint ventures are pretty common when it comes to property investment, whether that be a property development or acquiring a property to let as an investment. There are several good reasons why joint ventures
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