Welcome to the October 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.
The power of the development exit bridging loan
Property development is, like every sector in the UK today, facing an enormous number of challenges. While many of these are unique to the sector, two of the most powerful play out at the highest level.
What is the value of the UK buy-to-let market?
The total value of the buy-to-let mortgage market stood at £41.3 billion in 2022, an 88% increase from 2013, new research suggests. Government data, analysed by experts at Confused.com mortgages, shows that from the four UK nations, 15.29% of homes in England are privately rented, 14.9% in Scotland, and 14% in Wales and Northern Ireland.
Asset finance new business grew by 19% in August 2023
New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2023 by 19% compared with the same month in 2022. In the first eight months of 2023, new business was 15% higher than in the same period in 2022.
A quarter of landlords plan on selling in the next 12 months
A new report has revealed that thousands of landlords are planning to release properties from their portfolios amidst challenging market conditions.