Whether for personal or business reasons there are many people that are needing to improve their credit rating. Whether your score only needs a small boost or a complete overhaul, these tips can help you get your credit score where you want it to be.
Read more on Credit Repair and Credit Raitings…
This is an introduction to commercial mortgages to help you understand what you need to do to successfully get a commercial mortgage for your business.
The principles are the same whether you are a sole trader or limited company. However it is worth bearing in mind that most limited companies have multiple directors, so as you will see, this can make a difference to the banks.
By: Timothy Frodsham
Any entrepreneur looking to buy their own premises or investors looking to add commercial property to their portfolio, will need a commercial mortgage. Business loans and commercial mortgages are created to assist businesses and individuals raise the capital needed to buy warehouses, offices, shops and factories or other commercial premises.
Read more on Commercial mortgages -5 pillars never to be forgotten…
In a week that it was announced that the UK economy has crawled out of recession it is worth taking a moment to think about what opportunities exist for commercial mortgage brokers at the moment.
Are you planning to take on more new staff in the early part of 2010? According to smallbusiness.co.uk there are quite a few of you out there who are planning to increase your workforce.
Read more on Are you looking to take on more staff in 2010?…
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.
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.
Anyone who has a Commercial Mortgage will (or should) be familiar with LIBOR. So they should also be quite pleased that LIBOR has reached a record low.
LIBOR is the rate which determines the cost of most commercial mortgages and many other forms of borrowing. The rate coming down may bring good news in that interest rates on mortgages and other loans may follow suit.
Read more on Good News about Commercial Mortgages – well sort of….
Whilst helping a friend work out the costs involved in raising a commercial mortgage recently I suggested that they use a commercial mortgage calculator. It turns out that this simple piece of advice actually involves a lot more work.