Welcome to the May 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.
Don’t be afraid of the big, bad bridging loan
It has been said, ‘nobody wants a mortgage, what they want is a home’, and a similar principle is true for bridging finance. Nobody walks into a broker’s office demanding a bridging loan, but it’s highly likely that you will encounter clients who have long-term objectives for which transitional finance is required to help them overcome a short-term hurdle.
Landlords have good reason for increased PRS confidence
Running the rule over the latest BVA BDRC landlord research survey results, it is obvious to state we have something of a ‘mixed bag’ in terms of the landlord panels’ outlook for the coming 12 months, however there are remains a significant number of positives which should hopefully keep existing landlords invested.
Bank of England raises interest rates to 4.5%, highest since 2008
The Bank of England (BOE) has announced an increase in interest rates by 0.25%, taking the rate from 4.25% to 4.5%, the highest level since 2008. The decision, made by the BOE’s Monetary Policy Committee (MPC), was made with a vote of 7-2, reflecting an ongoing effort to curb stubbornly high inflation and manage a stronger-than-expected UK economy.
Second charge lending dips 12% in March: FLA
Second charge mortgage lending totalled £123m in March, a 12% decrease compared to the same month in 2022, according to the latest figures from the Finance & Leasing Association (FLA).