Welcome to the September edition of the Dee Commercial Finance newsletter!
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‘Heavy refurbishment’ gains popularity in bridging market
‘Heavy refurbishment’ has reached the top five most searched for terms in the bridging finance market for the first time since April, according to the latest Knowledge Bank data for August.
This suggests that some borrowers are taking on major structural changes, such as an extension or an annex, alongside smaller projects, like redoing a bathroom.
What to expect from the housing market this year and into 2022
For many industries, 2021 has been a volatile year, but the housing market boom has been thunderous.
As a result, house prices rocketed to an all-time high of £262,956 in August and what buyers want in a property has shifted dramatically.
Alternative finance is top choice as pandemic support ends
Data from Time Finance has shown that alternative finance is the top choice for businesses as the Government’s pandemic support ends.
The survey found that 80 per cent of businesses plan to use alternative finance to make key investments, up from 44 per cent in July 2021. Business respondents identified new staff (35 per cent) and equipment (33 per cent) as the main areas they wanted to invest in.
75% of London SMEs are bouncing back
A survey of more than 250 SMEs by alternative lender Capify shows that 75% of SMEs in London are making strong post-pandemic recoveries.
While 50% say they have already hit or surpassed pre-Covid levels of turnover, a further 25% expect to achieve that level within a year. The poll found that 39% of SMEs in the capital adapted their business models to survive during lockdown, with 45% adopting new services or products and 36% launching online sales.