Last autumn’s market turmoil and the subsequent 14 consecutive base rate rises by the Bank of England have dramatically changed the commercial lending landscape compared to 12 months ago. So, if you’re considering buying or expanding a business, how likely will you get bank finance? Here’s how the UK bank lending market is currently looking:...
Read moreWhen it comes to commercial mortgages, many business owners wonder whether their personal credit score plays a significant role in the loan approval process. While commercial mortgages differ from personal mortgages in several aspects, your credit score can matter when applying for a commercial mortgage, though it will depend on the type of finance you...
Read morePeer-to-peer commercial funding, is a form of financing that connects businesses in need of funds with investors who are looking for attractive returns on their investments. The process typically works as follows: A business applies for a loan, either directly or through a broker such as ASC, through a peer-to-peer lending platform. The application includes...
Read moreQ: 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...
Read moreBridging 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...
Read moreA 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...
Read moreValuations are essential for property loans for several reasons: Determine the Loan Amount: Valuations help to determine the current market value of the property, which is then used to calculate the maximum loan amount that can be offered. Lenders need to know the value of the property to ensure that the loan amount is appropriate...
Read moreMost people who have been on social media recently will have seen that there’s a lot going on with AI advancements at the moment. While AI technology has advanced significantly in recent years, it is unlikely that it will entirely replace the need for a commercial mortgage broker. Well of course we would say that,...
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