All the latest news about property funding in the UK. Bringing updates about commercial mortgages, buy to let mortgages and property development finance; mostly directly sourced from the industry press.
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 …
Some recent statistics show that the lending situation is starting to recover. The Council of Mortgage Lenders has released figures that show a 20% increase in lending from February to March, and although the lending figures are down from a year previously. Throughout the recession house prices and mortgage lending dropped consistently over a number …
Some Confusion over the state of the housing market in England. This is not really news, after all anyone actually involved in either buying or refinancing property recently will instinctively know that the situation has not improved (or got worse) in the last few months. It’s to early to say whether the governments latest attempts …
The Second Reading of the Energy Bill was delivered on 10 May, and it contains some interesting bits for landlords, and yes, even small landlords. The Energy Bill is intended to be a change in the provision of energy efficiency measures to homes, and to encourage improvements to enable low carbon energy supplies. In the …
Consumers now have instant access to their credit reports after an agreement was struck between the Government and the credit reference industry.
As a result of the new agreement, people can now access their statutory credit report online for a nominal fee of only £2 from all three major UK credit reference agencies: Experian, Equifax, and Callcredit. Previously, statutory credit reports for £2 were only available by post, which could take seven days to arrive.
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. Commercial mortgage brokers have had something of a difficult time over the last couple of years. Obviously the availability of …