News

17 October 2016 | Lending

Pulling out of deals deemed biggest post-Brexit issue for commercial market

Investors were “jumping the gun” by withdrawing from the commercial property market after the EU referendum, a lender has claimed. In August, real estate adviser Savills reported that commercial property activity fell by 18% during July, while last week the Bank…

17 October 2016 | Lending

Six months until interest rate relief cut for buy-to-let landlords

The measure, which was introduced in the summer Budget 2015, will restrict relief for finance costs on residential properties to the basic rate of income tax, with the restriction fully coming into place from April 2020. These finance costs…

4 August 2016 | Markets

Bank Of England Base Rate Drops – 0.25%

The Bank of England has cut the base rate for the first time in more than seven years, reducing it from 0.5% to a new historic low of 0.25%. Here's what it means for mortgages, savings, exchange rates and…

12 December 2013 | Markets

New Premium 0.99 per cent BTL Bridging Loan

Key Product criteria: First charge only Properties in England and Wales only; Loan sizes from £100,000 to £3 million (although larger loan sizes will be considered) Maximum gross LTV: 65 per cent for purchase, 60 per cent for refinance…

12 December 2013 | Lending

Bank Practices could be discouraging Commercial / Business Lending

Some practices used by banks could be preventing small to medium-sized enterprises (SMEs) from applying for commercial mortgages and other forms of finance, new research suggests. A YouGov survey found that nearly two-thirds (64 per cent) of these firms…