Welcome to the March 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.
Three in five SMEs describe current trading conditions as good but…
Even with inflation at almost 9%, the UK economy not expected to grow until the end of 2024 and growing concern around the impact of Brexit on UK trade, 58% of small and medium sized UK businesses would rate current trading conditions as good, with 22% rating them very good.
Asset finance new business grew by 8% in January 2023
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in January 2023 by 8% compared with the same month in 2022. In the twelve months to January 2023, new business was 6% higher than in the same period in 2022.
House prices to fall 10 per cent and base rate to rise by Q3 – OBR
Following the recent Budget, the Office for Budget Responsibility (OBR) produced its wide-ranging Economic and fiscal outlook – March 2023, in which it gave its forecasts for house prices, mortgage rates and the direction of the Bank of England base rate.
Digging deeper for buy-to-let
Ever since the first product of its kind was launched into the mortgage market in 1996, the buy-to-let (BTL) sector has played an integral role in the UK’s mortgage market, housing millions of tenants via the private rental sector (PRS) while simultaneously helping professional and consumer landlords build property portfolios.