Commercial Mortgages – Is Competition Back? For the last few years the cost of commercial mortgage borrowing has steadied but has remained fairly static across the market. We have seen no real breakaway in competition or divergence in interest rates. There are a few signs that is changing. Since the outbreak of Covid we have
-> Continue reading Commercial Mortgage – Is Competition Back?
Buying property using CBILS – Business Mortgage There is much coverage of the Coronavirus Business Interruption Loan (CBILS), the problem is most of it is focused on the delays and issues with the scheme, rather than how it can be practically used for and how companies can benefit by using it. There are two areas
-> Continue reading Business Mortgage – Using CBILS
Bank of England base rate has stood at an all time low since 2009. So are you ready for rates to go up? The base rate of interest drives borrowing costs. Whether you are borrowing on a base rate linked loan or any other APR driven loan, your costs will rise when base rate does.
-> Continue reading Ready For Base Rates To Rise?
Bridging Finance Back in the early 1990’s bridging finance was a popular way of financing house purchases, of bridging the gap between purchase and sale. From the late 1990’s onwards the residential bridging market became less popular, with lenders only looking at ‘closed’ bridging finance, in other words where contracts had already been exchanged. In
-> Continue reading Bridging Finance – New Endorsement For Lime Consultancy
We have talked about how your personal credit rating works in a previous post, now we look at how your personal credit rating can impact, or hurt your business. Business Products We all need third party products to make our business work. Sometimes these are time saving or convenience products, sometimes they are 100% key
-> Continue reading Personal Credit Rating – It Hurts My Business
Alternative business loans are fast becoming less of an alternative and forming a key supplier of good business finance. Peer to Peer lending, or crowdfunding as it is sometimes know is fast establishing itself as a key route to finance for small and medium sized businesses. In 2013 one supplier lent £120m to UK business.
-> Continue reading Alternative Business Finance To Reach £400m in 2014
Business borrowing is normally classified in terms of cost as a combination of the following; Interest rate Arrangement fee Legal costs Security costs Exit (or any other) fee Most borrowers will be driven to judge value based on the above, but what is your cost of business borrowing? Business Borrowing For now let us ignore
-> Continue reading What Is Your Cost of Business Borrowing?
Spending review, spending review, that is about all we have listened to over the past few days. We have George Osborne quoting figures which most of us are unsure how many 000’s they contain. Bear in mind that the public are supposed to understand what is going on and then decide on the next government
-> Continue reading The Government Spending Review – The Summary!