Lending

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 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.

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.

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.

Rise in Self Employment Slowing the Economy?

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.

How certain is my Commercial Fixed Rate?

With interest rates sure to increase over the next year many borrowers are looking for fixed rates either on their new loans or their existing ones. Once again the high street banks are not providing straight forward answers.

“Slow you down” – Mark Carney’s Norfolk origins?

One of the delightful eccentricities of rural Norfolk is the occasional road sign “slow you down”. I suspect the Bank of England Governor, Mark Carney, may well have Norfolk origins since this is his maxim for our property market.

Finance of the week – Takeaway Auction

Our client acquired a takeaway business at auction, having been promised financial backing by a friend. The “friend”, however, disappeared abroad taking his cash with him so our client turned to one of his banks. When they couldn’t help, the banker asked me to find some short term finance with a view to their taking the business on in six months time.

Here we go

It’s amazing: as soon as the housing market picks up so does the activity in business finance. People looking for licensed trade finance, for example, find it much easier to interest a lender when they have a good cash deposit from the sale of a house.