mortgage payment holiday

The Impact of a Payment Holiday

The Impact of Taking a Payment Holiday This is an excerpt from The Money Advice Service about mortgage holidays; You can apply for a mortgage payment holiday of up to three months, where you take a temporary break from paying your mortgage All well and good. But, there is an impact, the unintended consequence as
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furlough advance against HMRC rebate

Furlough Payments – Funding The Delay

Furlough Payments – Funding The Delay The HMRC portal for furlough payments opened this week and saw 140,000 applications inside the first 24 hours. With the delay between the launching of the furlough initiative and the application portal opening at HMRC many companies will already have paid two months salaries with no tangible income. We
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how to improve your credit report

How to improve your credit report

How to improve your credit report These days your credit report is the overriding single factor that influences your access to lending as well as the price and terms that lenders will offer to you. It applies equally to personal borrowers, limited companies and company directors. To improve your credit report you need to understand
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Calendar picture

Seasonality & Financing Seasonal Trends

Seasonality & Financing Seasonal Trends The fact is that almost every business is seasonal in some way, there are largely predictable periods of high and low, busy and quiet. The strange part is there is very little research around the impact of seasonality, there is even less around how businesses should be contingency planning and
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Photo by Alisina Elyasi on Unsplash

Why Businesses With Cash Borrow

Why businesses with cash borrow A few weeks ago I was in a room of financial advisers talking about commercial borrowing. A difficult audience as, the too often heard statement, of ‘my clients have cash’ reared its head as a reason why businesses don’t need to borrow. The fact remains that businesses with cash and
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Open Banking Explained

What is Open Banking?

What is Open Banking? In 2016 The Competition & Markets Authority undertook a review into the UK banking sector and looked at the barriers facing new entrants. For a long time, the major traditional players were able to put up high barriers to new entrants and it was felt this stifled innovation and choice for
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credit checking for cash flow

Cash Flow – Why Credit Checking Customers Doesn’t Work

Credit Checking Customers? It’s Your Cash Flow  Is pretty common these days for businesses to undertake credit checks on their customers. It is a fairly standard practice and something which is generally recommended when deciding what payment terms to offer after all cash flow is essential and understanding the risks that sit within your debtor
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business premises

Rent to Buy – The Business Advantage

Rent to Buy In the personal borrowing sector, there is a big argument to say that a history of paying rent should be used as proven affordability for the same level of mortgage repayment. Currently, the ability to afford rent is not considered when applying for a mortgage, the criteria and affordability tests are regulated
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