We heard last week that the Bank of England voted to keep interest rates at 4.25%. The news came despite some criticism and belief that a cut would help a sluggish economy.
We continue to deal with a growing range of finance enquiries from clients seeking to maximise their return and choosing commercial and semi-commercial properties, in addition to residential refurbishment and conversion projects.
We deal with a variety of enquiries across the specialist finance market including that of client’s looking to add value to new and existing property.
As commercial finance brokers, our team closely monitor interest rates in the financial markets and the impact on terms available for our clients through working alongside lenders to discern any expected shift in rates or upcoming changes to product ranges.
As expert finance partners to HLP members and your clients for many decades, there remains an ever-increasing demand for clients seeking commercial and specialist property finance.
The impact of an elongated sales process, specifically in the residential market, is an issue we have recently discussed. This continues to prompt increasing enquiries for regulated bridging loans or renegotiating terms as clients navigate longer than expected sales or look to finance works that are taking longer than planned.