Archive for the Uncategorized Category

The UK’s decision to leave the European Union has placed a great deal of uncertainty on Britain’s economic future.   No doubt, this will lead one group of investors to prosperity whilst causing serious grief for another, particularly where the property market is concerned.  To call Brexit a potential dividing line between financial success and failure for the many different types of UK property investors and UK property developers is something of an understatement, particularly where the UK housing sector is concerned. Of course, whether the Brexit vote results in a dramatic win or a substantial loss from your own perspective will ultimately be decided by which side of the fence you have found yourself on. Recently, the Nationwide building society published a report that indicated

Debt Consolidation Loans If the thought of debt consolidation loans leaves you somewhat confused and bewildered, scratching your head and in search of meaningful answers then you are definitely not alone.  It’s a sad fact that the vast majority of us are simply unable to get from one week to the next without some type of borrowing or credit line, whether it’s a mortgage, a string of credit cards, unpaid items from the catalogue or even a dreaded payday loan. Of course, when you break it down to the simplest level, there are basically two types of debt that most of us get into.  These are the debts we can realistically afford to repay, and the debts that have seemingly spiralled way beyond control that

The Bank of England had waded into the rather heated debate regarding the long-term mortgage products many lenders are now offering. There’s been a distinct rise in the number of banks and building societies offering 30-year and 35-year mortgage repayment. Though supposedly to help bring down the monthly costs of repayment, the BOA warned that longer mortgage terms do little other than “store up problems for the future”. One of the biggest issues highlighted in the report was the way in which longer mortgage repayment periods could have a huge impact on the pension savings of borrowers. By extending mortgage repayments into old age, it becomes necessary to meet them with retirement funds which may already be stretched to their limits. But what was interesting was how

A Brief Insight on Secured Commercial Loans and Unsecured Business Loans If you are thinking of starting up a new business, or you are looking to expand an already successful corporate enterprise, the chances are that you will get absolutely nowhere and at light speed if you do not have access to the required type of financing you need. When trying to source suitable commercial finance, an applicant will typically achieve funding by means of at least one, but sometimes multiple, business loan(s).  When the time arrives, the borrower will ultimately be required to decide on whether to apply for a secured business loan or an unsecured commercial loan product. With this in mind, we need to understand the main differences between these two types of

It’s not uncommon for buy-to-let investors to set their sights on properties in need of repairs and refurbishments. The reason being that as competition for such properties is relatively low, they can often be picked up at rock-bottom prices. After which, the repairs and refurbishments can be performed at an equally low price, before turning a profit on the property by letting it out to tenants. Unfortunately, targeting properties in need of renovations or refurbishments can lead to problems with financing the purchase. This is because the vast majority of traditional lenders will only issue mortgages against properties that are considered habitable at the time of the application. Even if you can demonstrate your intention and capacity to renovate the property after the purchase, you’re

 Bridging Loans: Securing Finance when Time is Critical Bridging loans are a specialist type of secured loan which can be particularly useful in time-critical situations. Secured loans in general can be quicker and easier to arrange than unsecured personal loans but the underwriting process can still be lengthy in the case of larger secured loans such as mortgages. Speed is one of the reasons why bridging loans have become the go-to finance product for both businesses and consumers in situations where turnaround time is of great importance. When time is critical there is perhaps no faster or more convenient option available than bridging finance. You will need to have sufficient security to cover the loan amount but the application and underwriting processes are generally much simpler