CFI: News review
connullctinnullopinions on a commercial recovery
We have had conflicting 2008 and compares with a track record is available, there finance in 2009/10 were re-
reports concerning the com- balance of +4 % in are now lenders who are will- jected by their bank, and that
mercial sector this month. January. ing to consider applications 20 % are financing their busi-
Whilst the residential sector the buy-to-let market has based on the strength of the nesses to some extent with
has been nothing but good proved to be more robust business plan.” credit cards.
news – apart from a January than originally thought as So, it seems, in some areas as the verbose Liberal
blip with the latest cmL fig- well. as well as news showing lenders are considering appli- democrat shadow chancel-
ures – the commercial sector landlords and agents are more cations based on the strength lor, Vince cable, says, “there
has not been so lucky. Howev- optimistic going into this next of a business plan. is a huge gap between what
er, there has been some good decade, the latest buy-to-let on the other hand, there the banks tell us and the ex-
news. arrears data from the council has been bad news. re- perience of companies on the
uK manufacturers are of mortgage Lenders (cmL) tail sales were down by 1.8 ground.
the most positive about out- show that fewer landlords % between december and “instead of paying them-
put for almost two years, are experiencing financial January – the sharpest drop selves large bonuses, the
according to the cBi. of difficulty. in 18 months. employment money should instead
the 548 manufacturers that and crystal mortgages, news was not so good, either. be used to strengthen bal-
responded to it’s Survey, when commenting on a surge But, more crucially for busi- ance sheets and to provide
25 % expect output to rise in applications from pub nesses, was the data released commercial lending to sound
in the next three months, while landlords, said: “We are see- this month by the institute and solvent British compa-
18 % anticipate a fall. the re- ing a return to the levels of of directors. it shows nies who have a vital role
sulting balance of +7 % is the business we witnessed before that nearly 60 % of to play in our economic
strongest figure since march the recession… even if no businesses seeking bank recovery.”
Lowry
TM
Capital Bridging Finance
mortgage introducer march 2010
41
MI p40-41_0310.indd 3 23/02/2010 11:06
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48