CONTENTS The business finance bible


Group Editor John Woods


Publishing Director Sylvia Waycot


e-mail:swaycot@moneyfacts.co.uk


Editor Lee Tillcock Tel: 01603 476651


e-mail:ltillcock@moneyfacts.co.uk


Research Manager Suzanne Greener Tel: 01603 476603 sgreener@moneyfacts.co.uk


Mortgage specialist Darren Cook Tel: 01603 476205 e-mail:dcook@moneyfacts.co.uk


Personal finance specialist Samantha Owens BA (Hons) Tel: 01603 476307


e-mail:sowens@moneyfacts.co.uk


Savings specialist Rachel Thrussell Tel: 01603 476402 e-mail:rthrussell@moneyfacts.co.uk


Client Account Manager Lisa Maxwell Tel: 01603 476855 e-mail:lmaxwell@moneyfacts.co.uk


Marketing


Deborah Howard Tel: 01603 476526


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Graphic Design Adrian Pearce, Marcus Balls e-mail:graphics@moneyfacts.co.uk


Subscriptions Joanne Green Tel: 01603 476100


e-mail:subscriptions@moneyfacts.co.uk Cover: Marcus Balls Print: Crowes


ISSN 1355-8218


MONEYFACTS and MONEY£ACTS are Registered Trade Marks


©MONEYFACTS GROUP plc 2012 Figures compiled on 13 January 2012


Next issue will be published on 21 February 2012


The figures and details shown are obtained from sources believed to be reliable. However the accuracy and completeness of any information cannot be guaranteed and no warranty or representation is given and users must check all rates, conditions and details before finalising any arrangement. No liability can be accepted for any direct or consequential loss arising from the use of, or reliance upon, this information. The views expressed in articles in this magazine are the contributors’ own and do not necessarily reflect the views of the publishers. Moneyfacts Group accepts no responsibility for the opinions expressed by contributors. The content is copyright. extracts or


illustrations relevant for audit


Naughty neighbours 15 Tomer Aboody, Director, Head of Business Development at MT Finance, highlights the current issues within the eurozone and the possible impacts on the Britiah banking sector


Industry insiders 16 Steve Barber, Managing Director, Bridging Finance Solutions


John Walker, National Chairman, Federation of Small Businesses


Charles Haresnape, MD, Aldermore Residential Mortgages


Jonathan Samuels, CEO, Dragonfly Property Finance


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Ian Buss, Head of Not for Profit and Education, Lloyds TSB


Andrew Bullard, Head of Business, Cashflow UK Ltd


Encouraging growth 12 It is widely accepted that one of the few bright stars in the financial product market throughout the past twelve months was the much debated buy-to- let sector. Lee Tillcock discusses what 2012 might hold in store


News 4, 5, 6, 7 No quick fixes; New Year sale ending; Increased funding for Tiuta; Taskforce to boost finance options


Balancing act 8 Evette Orams, Director of Hilton-Baird Financial Solutions, identifies the particular challenges faced by businesses in 2011, and considers what 2012 has in store for the nation’s embattled SMEs


Dates to remember 10 With the NACFB celebrating its twentieth year, Adam Tyler, CEO of NACFB, outlines two of this year’s events and their importance to the industry


5


FEBRUARY 2012


Issue No 198


Assisted Loans. . . . . . . . . . . . . . . . . . . . . . . 92 Bridging Finance . . . . . . . . . . . . . . . . . . . . . 46 Bridging Finance Bulletin . . . . . . . . . . . . . . . 45 Business Account Selection Quick Guide. . . . . . . . . . . . . . . . . . . . . . . . 19


Business Angel Capital . . . . . . . . . . . . . . . . 100 Business Banking Bulletin. . . . . . . . . . . . . . . 54 Business Charge Cards. . . . . . . . . . . . . . . . . 74 Business Credit Cards . . . . . . . . . . . . . . . . . 82 Business Current/Cheque Account Tariffs. . . . . . . . . . . . . . . . . . . . . . 66


8 12


Business Loans . . . . . . . . . . . . . . . . . . . . . . 50 Buy-to-let Bulletin . . . . . . . . . . . . . . . . . . . . 20 Buy-to-let Mortgages . . . . . . . . . . . . . . . . . . 26 Buy-to-let Mortgages Flexible Options. . . . . . 34 Charity & Club Accounts . . . . . . . . . . . . . . . 59 Client Accounts . . . . . . . . . . . . . . . . . . . . . . 57 Commercial Mortgages . . . . . . . . . . . . . . . . 38 Commercial Mortgage Bulletin . . . . . . . . . . . 36 Company and Firm Accounts . . . . . . . . . . . . 55 Consultancy and Training Assistance . . . . . . . 90 Data Page . . . . . . . . . . . . . . . . . . . . . . . . . 120 Exchange and Interest Rates . . . . . . . . . . . . 120 Factoring. . . . . . . . . . . . . . . . . . . . . . . . . . 106 Fixed Rate Accounts. . . . . . . . . . . . . . . . . . . 64 Foreign Money Transmission . . . . . . . . . . . . 65 Further Advances . . . . . . . . . . . . . . . . . . . . 35 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Inflation. . . . . . . . . . . . . . . . . . . . . . . . . . . 120 Introductory Offers on Business Banking . . . . . . . . . . . . . . . . . 54


Invoice Discounting . . . . . . . . . . . . . . . . . . 109 Islamic Buy-to-let Home Finance . . . . . . . . . 21 Leasing and Asset Finance . . . . . . . . . . . . . 112 LIBOR . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 Money Market Deposits . . . . . . . . . . . . . . . . 54 OECD Export Credit Rates . . . . . . . . . . . . . . 120 Offshore Company and Firm Accounts. . . . . . . . . . . . . . . . . . . 63


Online Business Banking . . . . . . . . . . . . . . . 70 Pension Fund Managers’ Accounts. . . . . . . . . . . . . . . . . . 62


Procuration/Commission on Bridging Finance . . . . . . . . . . . . . . . . . . . 45 on Business Accounts . . . . . . . . . . . . . . . . . 54 on Buy-to-let Mortgages. . . . . . . . . . . . . . . . 25 on Commercial Mortgages . . . . . . . . . . . . . . 36 on Leasing & Asset Finance . . . . . . . . . . . . 116 Purchasing Cards . . . . . . . . . . . . . . . . . . . . . 78 Remortgages . . . . . . . . . . . . . . . . . . . . . . . 35 Sale and Leaseback . . . . . . . . . . . . . . . . . . 111 Sources of Help for Businesses/Stop Press . 119 User Guide for Business Deposit accounts . . . 54 Venture Capital. . . . . . . . . . . . . . . . . . . . . . . 94


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