Is Property Finance Available? This is the first of a series of articles looking at the availability of finance and how to access it in today’s market by Malcolm Jones and Cliff Verrill of Brooklands Commercial Finance.
Lenders have come in for a lot of criticism, some of it deservedly so. However, in realigning their strategies so that they don’t repeat earlier mistakes, they are undergoing a difficult balancing act. On the one hand they have learnt lessons in respect of riskier lending propositions and have rightly curbed activities in these areas and some have pulled out of them altogether. On the other hand, the regulators have imposed stricter controls on bank activities. While the government is saying that banks must lend more, the Basel III accord requires banks to hold more capital to support their lending activities. It also introduced new regulatory requirements on bank liquidity and bank leverage. As a consequence, there are fewer funds to lend as the banks manage their balance sheets to conform to the new regulation. Continue reading Don’t bash the banks
We are witnessing a significant rise in the incidence of some banks refusal to offer new or extended terms to commercial loan facilities. In extreme cases, some banks are demanding early loan redemption. This often leaves the borrower with a major headache in a market where commercial lending is restricted and competitive alternatives are not immediately apparent.
There is no doubt that some banks are ‘shoring up’ their liquidity positions by not lending as broadly as they have done in the past. However, some lenders are very much in the market and the skill is to source those lenders who have an appetite to lend. It is key to present a proposition in a robust manner and, importantly, directing the proposal to the underwriters making the decisions, rather than the local manager who probably has no discretion in these matters. Continue reading Banks not renewing commercial loans
Crazie & Co. Commercial Finance Brokers operate from Southampton UKbut they arrange business financing for SME’s throughout the England and Wales. The owners were in commercial banking and arranged all forms of funding from development finance and commercial mortgages through to invoice discounting and lease purchase finance.
Crazy & Co are not NACFB Members but probably would be if they were a real business.
NOTE – this is a spoof to demonstrate our SEO capabilities however, please carry on reading but by all means skip the next two paragraphs and don’t bother watching the video as it’s only there to show you where you could place your video. Continue reading Introducing Crazie & Co. Commercial Finance Brokers in Southampton, Dorset, UK