Welcome to the August edition of the Dee Commercial Finance newsletter!
Whatever your Commercial Funding requirement, Dee Commercial Finance can offer you a Free, impartial and totally confidential initial consultation – Where we will quickly assess the funding options available to you!
Please contact us on 01244 432 360 to see how we can help or submit an enquiry form here.
Third of SMEs won’t survive without access to finance
A third of small and medium-size enterprises (SMEs) believe that they won’t survive the year without access to finance. According to a new survey from financial comparison website NerdWallet, 41 per cent of SMEs said that finance has become less accessible than it was a year ago. 33 per cent of business owners said they will fold their business by the end of the year without further funding, while another 32 per cent said that they have no financial plan in place to sustain operations over the next 12 months.
Should landlords now be looking for a long-term fix?
For many years, there has been a debate over whether longer-term fixed-rate mortgages would be a good option for more borrowers. The basic argument is that, in fixing their rate over 5 or 10 years, borrowers would benefit from longer-term certainty over their monthly outgoings. And perhaps there is an even stronger case for long-term certainty over future mortgage payments when the loan underpins a business venture, as it does for the buy-to-let landlord.
14% rise in bridging finance activity
Latest Bridging Trends research has shown that the bridging loan sector continued to perform strongly in the second quarter of the year, with Bridging Trends contributors transacting a total of £178.4 million in bridging loans during the second quarter of the year – 22% more than in Q2 2021 (£146.5m), and up 14% on the previous quarter (£156.8 million).
London continues to lead leasehold property market
Research by Warwick Estates reveals that the total value of new-build leasehold transactions is 50% higher than new-build freehold transactions as flats and urban living dominate England’s market. In the first six months of 2021, there were 1,523 new-build transactions in England. Of these, 44.8% (683) were freehold homes while 55.2% (840) were leaseholds, demonstrating a fairly even split for England’s market.
