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What should you expect from a bridging finance broker?

The role of a bridging loan broker is to help you find a bridging loan. That sounds simple, but in practice what a bridging loan broker does is complex. There are some essential things

Estate agent aims to shake up sales of commercial properties

A new online estate agent has created an online platform that aims to disrupt the way commercial properties are sold. The founder and CEO of Virtual Commercial, Andrew Vertes, an experienced estate agent, observed how residential house selling had changed over recent years. Websites like

Can you refinance an existing bridging loan?

Up until recently the answer, to the question ‘Can you finance an existing bridging loan’ was ‘no’. However, some lenders are now prepared to offer loans to refinance a bridging loan. These are

Commercial loan delinquency rates at near record lows

According to the Mortgage Bankers Association, delinquency rates for commercial loans were at near record lows in the first quarter of 2018. The delinquency rate for loans held by banks is 0.51% overall, with commercial mortgages loans at a rate of 3.9% which is 15 basis point below

House price falls have discouraged sellers

According to May 2018 data from the Royal Institute of Cratered Surveyors (RICS) house prices fell at their biggest rate since 2012. This has put off many people from selling their house and moving to a new one. The largest fall in house prices has been in London, but the South West and South East...

TSB IT problems stopped mortgage applications

Headlines in April revealed that the new TSB IT system had severe problems and prevented many of their customers from paying bills with their bank cards. What has now been revealed is that, before the IT breakdown, TSB had launched its “Mortgage Pro” system, which was designed to

Decline department stores leaves landlords with problems

House of Fraser is closing many of its stores. The number of large department stores in the UK has dropped by 25%, from 240 to 180. This compares to the total number of shops in the UK, which have declined by just 1%. Landlords of large department store buildings are left with the problem of

How the over 55s can make income from their family home

Many people over 55 years of age are cash poor but asset rich. They may not have a lot in the bank, but have considerable value in their family home, especially if the mortgage is paid off or nearly paid off. One option for extra income is equity release which gives access to money tied...

“Staycations” boost holiday let investors

The fall in the sterling has meant that overseas holidays are more expensive. This, coupled with the effect of good weather in May and June 2018 has made it more attractive to take holidays in Britain. These holidays are often referred to as “staycations.”

There has been stagnant wage growth, and this has caused many households to

Bank of England warns that high street banks are taking risks

The Bank of England has warned high street banks that they could be taking too many risks when selling mortgages and commercial loans. To qualify for a loan a business or individual must meet affordability rules designed to check whether borrowers can afford to repay loans. The Bank of England says that banks have been...