Since our Spring there has been a steady and welcome flow of positive news; house prices in most parts of the country are growing, especially in London and the South East, retail sales figures show year on year growth and the new governor of the Bank of England has confirmed that interest rates for borrowers (bad news for savers) will stay at 0.5% until such time as unemployment falls to 7%.

We have seen an upturn in activity and enquiries over the past few months and hope that this improved environment continues. We have also seen a huge influx in “refinance“ as a number of lenders look to limit their exposure to property leaving many investors with no alternative but to seek alternatives using our whole of market experience. We have also seen a growth in new sources of finance which now provide a real alternative to the usual names.

The most prevalent new names go under the heading of peer to peer lending. We continue to be active in the marketplace and as the 2XL Commercial Finance network continues to grow from its base in the North West and with the East Midlands office now in its 3rd year, things are certainly moving forward.

As always we are more than happy to chat through any potential cases and look forward to receiving any enquiries. Happy Hunting!