Bridging finance is a way of quickly raising short-term finance secured against residential or commercial property. Typically bridging finance is arranged within days, although it can take longer. Most bridging lenders will claim that they are the quickest, offer the best service, or most flexible terms. In practise there is a huge variety of standards within the bridging … [Read more...] about What is Bridging Finance?
During the process of purchasing a property, whether it is for commercial mortgage, bridging finance or even as part of a property development package you may well hear your solicitor talk about title insurance. This insurance basically protects owner (and therefore mortgage companies) from unexpected challenges from a third party. These challenges can take the form of … [Read more...] about Title Insurance – What Exactly Is It?
The roe that solicitors place in the mortgage market has become increasingly high profile over recent years, but perhaps more so in the commercial arena. Conveyancing is a vital part of the property purchasing process and solicitors who embrace the latest advances can help drive the process forward. There are many types of solicitors and nearly all of them will carry out … [Read more...] about The Role of Solicitors in Commercial Finance
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.Some 90 per cent believe that loan arrangement fees are excessive, while 75 per cent feel that the lending margins on loans … [Read more...] about The Cost of Borrowing is too high
A recent study by the business software services provider, Sage UK, has found that almost 25% of requests by small businesses for business loans were rejected by the banks last year.The study is compiled from around 1,000 responses to a survey which shows that around a quarter of all UK small and medium sized businesses applied for financial assistance.Interestingly the … [Read more...] about Small Business Loans and Debts
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 … [Read more...] about Small Business Boss Says "economy is not going to change for the better"
There was a time that the trade relationship between supplier and customer was pretty much a private matter. Not any more.Chances are that if you have a trade account with a supplier they are probably keeping tabs on your credit worthiness, just like your credit card provider does. 30 days credit means exactly that if you want to keep a clean sheet. Nearly two-thirds of … [Read more...] about Majority of owner managed businesses have bad credit rating
There is a very good reason why commercial mortgage lenders always advertise their best commercial mortgage rate, they want to attract the maximum interest in their product range. The trouble is that when people start looking for a business loan they do not really know what makes a good commercial mortgage rate. It's easy for an advert to promise 1% over LIBOR, but what if … [Read more...] about Get The Best Commercial Mortgage Rate
Brokers and commercial lenders are reporting that demand for commercial mortgages remains strong. Although there continues to be much speculation about the future of the housing market in general the commercial property sector appears to be quietly carrying on regardless.The value of most commercial property is underpinned by the rental yield that it can generate, given that … [Read more...] about Demand for Commercial Mortgages Remains Strong