Blog

The Short Term Waltzer

Now the art of enjoying the Short Term Waltzer is to know how long your ride needs to be and to make sure you are ready to get off when you should. If you don’t plan your exit properly you can get quite sick!

The Mystery Tunnel of Residential Mortgages

Gone are the days when applying for residential mortgages was a straightforward process! It is quite amazing how complicated lenders can make it all.

The Commercial Lending Space Ship

There’s a steady queue for this ride. Now the economy appears to be steadily improving, business people are looking for lift-off.

Deal of the month

Unfortunately, their bank had decided that they did not want to do any more property lending at the moment and other banks they approached would not lend to someone inexperienced as a commercial property landlord.

Where now for business finance?

The recent Business Finance Expo, organised by the National Association of Commercial Finance Brokers, had stands manned by about 80 different lenders; and three of the high street banks weren’t even there. So what is going on and why are smaller businesses still finding it hard to get a loan?

So where is the competition among lenders?

The majority of our clients are local business owners and from most of them the story is the same, despite their long term satisfactory history with their bank, the bank does not want to lend to them on their proposition, either at all or enough.

Loan Wars? Only on price …… and only sometimes

The demand for mortgages for house purchases has slowed down so the lenders are dropping their prices. Five year fixed rate deals can be had at less than 2.0%! This is jolly exciting if you are a problem –free applicant buying a new home or if you are on a lender’s standard variable rate and want to remortgage. But what about everyone else?

Solicitors

Choosing the right solicitor for your transactions is vital. This is true for a house purchase, buying a leasehold pub business or writing your will. The piece of legal work you want to do may seem simple enough but there may be any number of complications which need to be sorted out before you can proceed.

Deal of the Week / Month / Year!

This may be small but it was very satisfying. We had helped our client buy a closed pub for “cash”, the “cash” being raised from a mortgage-free residential investment property (and that bit wasn’t easy either).

Deal of the month

So the Bank of England think that the rising number of self-employed people may slow down growth in the Economy. They are probably right, but for reasons which the Bank and the financial regulators have created.