Spring has finally sprung, and with 80% of small businesses looking to grow in 2018, it’s a time of real opportunity. We’ve helped a lot of businesses of varying sizes with funding this year already, which is great.
In this months newsletter we concentrate on Brexit nerves, the housing market and interest rate speculation. We hope you enjoy our newsletter!
UK Economic Briefing
For the first time since records began,
UK households are more likely to be
borrowers than savers,
according to official figures.
Top 5 BTL Mortgages
1.39% Fixed 2yr 60% LTV
1.95% Fixed 2yr 75% LTV
1.99% Disc. 2yr 75% LTV
2.19% Fixed 5yr 60% LTV
3.25% Fixed 3yr 70% LTV
Squeezed household spending and Brexit
nerves have put the brakes on growth among
private sector businesses this year,
industry data has suggested.
In Other News
The Scottish Government has extended funding of its Help to Buy shared equity scheme for two more years.
Over twelve thousand households have already used the scheme to purchase qualifying new build homes with a 5% deposit since Help to Buy was first introduced in Scotland in 2013.
UK house price growth remained broadly stable in March at 2.1%, just slightly below the 2.2% recorded the previous month, according to the latest Nationwide house price index.
London was once again the weakest performing region, with house prices down 1% year-on-year.
The Bank of England has raised the likelihood of a May hike in interest rates after making no change at its latest meeting of the Monetary Policy Committee, which voted to hold the rate steady at 0.5%. Two members of the nine-strong committee – Ian McCafferty and Michael Saunders – voted for an increase in rates to 0.75%.