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Bank of England

  • Banks, Business, Economy, Finance, Financial World, Loans, SME

    Why do we have bank holidays? When did they first come about? – Everything you wanted to know about the bank holiday!

    Q: What are bank holidays?  A: Bank holidays are public holidays in the United Kingdom that are recognized by banks, government offices, and other businesses. They are days when most businesses and many shops are closed, and many people have the day off work.  Q: Why do we have bank holidays?  A: Bank holidays were...

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  • Banks, Business, Finance, Loans, Property, SME

    What is the difference between open and closed bridging?

    Bridging finance is a short-term loan used to bridge a financial gap between the purchase of a new property and the sale of an existing property. There are two main types of bridging finance; open and closed.  Open Bridging Finance has no set date for the loan to be repaid. This type of bridging finance is...

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  • Banks, Business, Finance, Loans, SME

    Are lenders putting clients under too much pressure to refinance? 

    A lot has changed in the commercial lending market over the last few months. We have seen record rises in interest rates – and lenders have had to quickly change and update their criteria to respond to the changing landscape. One knock-on effect of this has been an increase in the number of lenders who...

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  • Banks, Business, Finance, Loans, Property, SME

    You know the banks that don’t lend – we know the banks that do!

    Who can you actually speak to at your bank? Who answers your questions and actually makes decisions? If you cast your mind back, a business used to have a dedicated bank manager – someone who knew the business inside and out. And if you wanted to secure finance for your business, they had the knowledge,...

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  • Banks, Finance, Loans, SME

    What do the BoE interest rate increases mean for borrowers? 

    What do the BoE interest rate increases mean for borrowers? Over the last months, there have been numerous announcements by the Bank of England increasing the base interest rate, and more are likely to happen in the near future. But what do the BoE interest rate increases mean for you? Our view is that the...

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  • Business, Loans

    BoE base interest rate rise - Time for a residential property investment?

    The Bank of England had previously announced another rise to the interest rate, and plans for further rises in the coming months. This would mean mortgages will be more expensive to pay back, and it may delay property purchases for some. During high interest rate times, it may be more difficult to purchase a property...

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  • Banks, Government, Loans, SME

    The Bank of England has raised interest rates, again - What does it mean for me?

    In case you missed our first report from late December about the Bank of England raising the interest base rate and what to expect, we have a small update on it. And although the information itself has not changed much since December; it is still worth reminding you what it means for you today. So,...

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  • Business, Finance, Loans

    BoE interest rate raise – What can I expect?

    As you may have read before, the Bank of England has increased the base rate from 0.1% to 0.25%, after months of delaying the increase; it is now official. The increase was made to hold the rising inflation rate that could peak at 6% in April The increase was influenced by the uncertainty about the...

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