Advice

Beware the SDLT Trap!

Purchase a second residential property and you pay a 3% Stamp Duty Land Tax surcharge. If this second property is for your own residence and you sell your current home within three years you can reclaim the surcharge. “Straightforward” you may think. In practice danger could be ahead.

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.

Buy to-let Bashing

I’m often asked what it has been like to be operating on my own instead of under the national franchise umbrella which sheltered me for nearly 20 years. Well after five years of being completely independent I think the answer lies with the client response.

25 years on: nostalgia isn’t it what used to be

April 1991 was when I started out as a commercial finance broker. My first ever completion was a shop in Ashbourne financed by Royal Bank of Scotland, a bank with a lovely culture in those days. What was unusual is that most of my colleagues did not use high street clearing banks then: the favourites were finance houses, Allied Irish Finance, Barclays Mercantile, First National Bank and Woodchester…………remember them?

All the Fun of the Fair

I’m often asked what it has been like to be operating on my own instead of under the national franchise umbrella which sheltered me for nearly 20 years. Well after five years of being completely independent I think the answer lies with the client response.

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.

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.

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.