Smallbusiness.co.uk is reporting that many small business owners are fed up with having to pay the banks high rates on their business borrowing.
Businesses believe that bank-lending terms are exorbitant, according to research from finance provider Syscap.
Probably does not come as much of a surprise to anyone involved in UK property sales, but worth pointing out:
More than two thirds of UK property disposals last year were sold at prices below their valuations, according to the IPD/RICS Valuation and Sale Price Study 2009.
Read more on Two thirds of UK properties sold below their valuations…
Might seem hard to believe but despite all the recent bad news a significant proportion of people in the UK still say they want to start their own business.
Of 2,121 adults surveyed, some 17 per cent want to launch a start-up, according to social enterprise organisation Enterprise UK. The body predicts that if one in ten of the respondents realised their ambition, it could create 1.1 million extra jobs.
Wow, just in time for Christmas the Halifax try sew a little doubt into people’s minds when they are opening their Christmas presents. Thanks!
New research from Halifax has revealed that there are an estimated 217,000 credit cards which are kept secret from spouses.
The bank has warned that this could carry serious implications for household finances, as well as …
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Read more on 217,000 hidden credit cards masking debt struggles…
Business website smallbusiness.co.uk is quoting three significant names in the UK small business arena as saying that we are not out of the woods just yet.
Charlie Mullins, founder of Pimlico Plumbers, says he is not optimistic about next year. ‘We’re busy and slightly up on the first quarter, but I feel that the economy is not going to change for the better, and worse is to come.
Read more on Small Business Boss Says "economy is not going to change for the better"…
The Small Business Finance website has reported that inflation has started to creep upwards.
Consumer Price Inflation (CPI) annual inflation, the government’s target measure, was 1.5 per cent in October, up from 1.1 per cent in September.
The Independent has reported that the commercial property market is showing signs of life. Granted that coming from a very low base line any improvement is going to look significant. However good news is good news.
So on the one hand we appear to have reports saying that banks are not lending to businesses, and then we hear the banks saying “but nobody wants to borrow”. Is it any wonder that people get confused.
We thought that Mezzanine finance in the property industry had all but disappeared. Two or Three years ago there were plenty of options with Mezzanine finance with lenders keen compete with each other.
Read more on Mezzanine Loans for Commercial Property Development…
A new BTL mortgage has been released which is apparently taking the market by storm. This product is ideal for investors buying property below market value as the lender will consider loans of 70% of the open market value to 85% of the purchase price!
For Example:
Read more on BTL New Funding Facility 85% Purchase Price or 70% of Valuation…