The majority of property auctions are currently held in rooms with some online auctions available. According to Neil Singer, chief executive of Clicktopurchase, in the future, there will be no physical auction rooms. (more…)
Knowledge Bank is a resource for brokers to find out which lenders will accept a client’s borrowing requirements. (more…)
Research by Hitachi Capital Business Finance showed that in September 2018, 1 in 10 small business owners feared their business will fail. (more…)
Developers will be well aware there are many issues that delay building or renovation work, and these can threaten the financial viability of a project. (more…)
Following the financial crisis, many banks restricted lending activities. They also created tick-box methods of assessing loan risks that made it difficult for investors to gain finance for non-standard loans. Alternative lenders saw a gap in the lending market (more…)
The primary criteria to secure a bridging loan is that borrowers need an exit strategy, which is often dependent on obtaining longer term finance. Here we cover some prime examples (more…)
A survey by United Trust Bank found that 57% of brokers who work in the bridging, asset finance and development areas believe that lenders will keep their credit policies largely the same over the next year.
The managing director of the United Trust Bank, Harley Kegan, said that most brokers think that (more…)
Many farmers are looking for ways to diversify their business. Bridging finance is one way to provide funds to finance new business strategies. (more…)
On Thursday, August 2, the nine members of the Bank of England’s Monetary Policy Committee voted unanimously to increase the bank interest rate from 0.5% to 0.75%. Borrowers with (more…)
There are many reasons for taking out a bridging loan, but one of the lesser known uses is to allow someone to withdraw capital from their property company without paying tax.
An example of how this (more…)