Finance

Send us your rejects!

“Rejects” are often cases involving terrifically creditworthy individuals. They just happen to have a set of circumstances which some, or even most, lenders don’t like. If the deal makes sense, we’ll be delighted to try and help.

Deal of the Month – Dutch Courage

Our client is a young Dutch entrepreneur running a retail and wholesale business in the UK. His activities have recently grown rapidly after he developed his own importing business and he wanted to buy a commercial warehouse unit to hold his stock

The Buy-to-Let Roller Coaster

What a ride 2015 has been for landlords owning residential investment property, or wanting to do so.

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.

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).