The ASC Blog

The housing market is recovering, but the banks need to do more!

Published 05/09/2013 08:49:00

The banks keep talking about how much they are willing to lend to small businesses, but what about lending in the property sector.

The housing market has continued to show signs of recovery. According to Right Move’s House Price Index, asking prices for UK houses have increased by 5.5% over the last year, with the positive outlook set to continue. Commenting on the housing market in August, Communities Secretary Eric Pickles said it had "turned a corner". Others are already talking about another property bubble.

There is a reason for that. Despite the trends, it can still be hard for businesses to raise the finance needed to undertake a property development scheme. Lending by the banks to businesses shrank by £3.3billion in July of this year. According to our research lending to small property developers has come to a near standstill with maybe a handful of banks being prepared to support this area of the economy.

But we think that property development is now a crucial part of the recovery, if the country wants to avoid a bubble – one of the ways to do this is to support property development schemes as this will help to increase supply!

For more information about property finance, click here to speak to your local ASC Director

Back to the blog

We focus on arranging finance for your business...
so you can focus on running your business

10 reasons to
work with ASC

Why ASC?

close ✖

Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

close ✖

The Ten Reasons

We work in the way which works best for you

Call Now on
020 7616 6628


Get a Quote