In this month’s Hadrian Finance June newsletter we outline quite a few hot topics, the pound has risen slowly, Barclays has tightened it’s lending criteria and house prices in Bridlington have risen 9%. We hope you enjoy our newsletter!
I attended the NACFB Finance Expo last week and the view from many of the lenders and funders is that Alternative funding is now becoming the traditional form of funding and now is more common as a mainstream form of lending as the larger banks struggle to support SME’s.
The pound has risen after a closely watched survey suggested that growth in the UK’s key services sector was faster than expected in May, renewing talk of a possible interest rate rise.
1.59% Fixed 2yr 50% LTV
2.09% Fixed 5yr 60% LTV
1.64% Fixed. 2yr 65% LTV
2.99% Fixed 2yr 75% LTV
1.75% Fixed 2yr 75% LTV
Growing numbers are making tactical changes to their financial behaviour to help them get on the housing ladder with their first mortgage
Barclays is tightening its lending criteria to a UK economy that is lagging behind the rest of the world.
Chief executive Jes Staley says Brexit uncertainty was helping to stunt economic growth and that was something the bank could not ignore. Read the full article
House prices in Bridlington have risen by 9% in the past year, with buyers from the south of England helping to create a property boom. The average price of a house in Bridlington is now £148,915, according to Rightmove, and the 9% annual rise is double the Yorkshire average. Read the full article
The number of landlords leaving the private rented sector in the UK increased in April with letting agents reporting that those selling reached the highest level since 2015. The number of prospective tenants registered per member branch increased by 9% while a quarter saw rents increase. Read the full article
If your High Street or Business Bank has not been able to assist you then please don’t give up hope. Our lending panel of over 270 specialist Lenders in various sectors who understand the areas they work and lend in may be more amiable to your needs.
Please get in touch if you wish to grow, acquire or have any cashflow issues within your business, hopefully we have the solutions. Equally we lend on many types of property transactions from Development, Bridging and Buy to Let.