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. [Having a deposit is, of course, only the start of the process when looking for business finance.]

Interestingly, too, the traditional spring peak for house sales, once the weather improves and the evenings get lighter, is not so pronounced now that more people look for property on the internet rather than driving around. House prices locally have risen faster in the last decade than anywhere else in the East Midlands so people looking for commercial mortgages in Derby and Derbyshire are likely to have larger deposits.

A buoyant housing market boosts so many businesses, construction, tradesmen, homeware retailers, to say nothing of professional firms! Moreover, we all know that confidence levels generally in the UK rise with housing activity and that confidence leads owner managed businesses in particular into wanting all kinds of commercial finance.