Welcome to the March edition of the Dee Commercial Finance newsletter!

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Landlords focus purchase activity on secondary towns and cities

Buy-to-let landlords purchasing in urban areas are increasingly targeting smaller, secondary towns and cities, analysis from Paragon Bank has revealed. Data from Paragon’s own lending activity revealed a strong increase in completions in city and town centre postcodes during 2021, up 100% on 2020. The strongest increases were seen in locations outside of the UK’s major city centres.

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Government urged to support more developers

The government’s Levelling Up Home Building Fund is unlikely to provide enough funding to provide loans to all of the nation’s small and medium-sized developers, according to research from Sirius Property Finance.

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Bridging market hits record growth in Q4 2021

The latest ASTL data shows a record period for bridging lending in the last quarter of 2021, with completions and applications both reaching an all-time high. The figures, compiled by auditors from data provided by members of the Association of Short-Term Lenders, show bridging applications reached a record high of £12.7bn in the quarter ending December 2021 – an increase of 65.4% on the previous quarter, which itself was a record period at the time.

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SMEs more focused on growth in Q4 2021

Its most recent SME Expert Report — based on data from brokers who collectively submitted over 3500 applications for unsecured finance for SME clients across the UK in December 2021 — showed that 45% of respondents cited growth as SMEs’ primary focus in Q4.

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