Business Money
® Name of lender BANKS
Bank of Ireland UK Bank of Scotland Barclays
Close Property Finance Clydesdale Bank
Goldcrest Finance Ltd Hampshire Trust HSBC
Lloyds TSB NatWest
Northern Bank
Royal Bank of Scotland The Co-operative Bank Ulster Bank
United Trust Bank Yorkshire Bank
neg neg neg 55
neg 60
60 max neg neg neg neg neg neg neg 70
neg neg (n/s)
neg (n/s) 65
80 (n/s) (i) 65
60 (n/s)
Bridging Finance Solutions 70 (n/s) Catalyst Securities Ltd Haydock Finance
Lancashire Mortgage W M Mann
Peninsula Finance plc Key:
50–neg 25–neg 25–neg
500–5.00 neg–neg 30–0.75 50–1.00 neg–neg 25–neg neg–neg neg–neg neg–neg neg–neg 25–neg
100 - 2.00 neg–neg
COMMERCIAL PROPERTY FINANCE COMPANIES Alternative Bridging Co. Ltd
100–10.00 30–1.00 60–2.00 250–1.00 26–1.00 30–0.90 50–250k
neg neg neg neg
1–12 mths 1–12 mths 1–18mths neg neg neg neg neg neg neg
1–12 mths 1–12 mths
1–12 mths 1–12 mths neg
1–12 mths 1–24 mths neg n/a
neg neg neg neg neg yes yes neg neg
neg (g) neg
neg (g) neg neg neg neg
neg
0.50+ 1.50–5.00 negotiable
0.50 + 2.00–8.00 Libor + 4.00–5.00 0.50 + neg
from 1.5% per month (a)
0.50 + 1.50–6.00 (c) negotiable negotiable
0.50 +1.85-7.00 negotiable
0.50 + 1.50–5.50 0.50 + 2.00–4.00 1.09 per month 0.50 + neg
negotiable
interest only from 1.25% per month neg
neg
interest only from 1.25% per month interest only neg n/a
from 0.75% per mth (f) 0.50 + 6.00-7.00 (e) (d)
neg neg neg neg (b)
neg
neg 21
neg neg (h)
neg
from 1.00 50 neg neg neg
25 21
neg
1.00–1.75 neg neg
neg
0.50–1.50 neg 1.00 1.25 (b)
70 25
1.00 1.00 neg 2.00
1.00-2.00 neg 2.00
25 50 30 50 50
neg n/a
40
UK UK UK
England, Scotland, Wales UK
England, Scotland, Wales England, Scotland, Wales England, Scotland, Wales UK UK UK
England, Scotland, Wales England, Scotland, Wales Northern Ireland England and Wales England, north of M4
UK
England, Wales UK
Selected areas of England England, Scotland, Wales Scotland
England, Scotland, Wales
(n/s) Will consider non-status. Unexpired lease term at start of loan. Widely negotiable depending on proposal. Open ended commitments are not normally welcomed. (a) From 1.00% per month (b) Negotiable, minimum £125 (c) Fixed rates available (d) Interest rates are from 1.5% per month (e) Calculates interest daily, fixed rate money is not on offer and APR’s not quoted (f) 3 and 6 month discount bridge and early payment plan options (g) Capital holidays are available subject to status (h) 20 years – Scottish lease and 25 years – English lease (i) Purchase up to 80%; remortgages and secured loans up to 70%.
All information © Copyright Business Money Ltd 2010 The information in these tables is updated every month. The guide to Business Money tables is on page 74
Construction sector runs out of steam T
he impact of government spending cuts and continued concerns over access to finance saw sentiment in the construction industry turn increasingly negative during the third quarter of 2010, the latest RICS Construction Market survey has indicated. Of chartered surveyors surveyed, 59%
reported there had been no movement in construction workloads during Q3 2010. Of those who did see an adjustment, it was downwards, with 10% more surveyors reporting that workloads fell rather than increased. Insufficient funding for new developments and continued concerns over the economy were among the factors cited as affecting construction projects. Significantly, surveyor sentiment was negative for all sectors of the construction industry. Perhaps unsurprisingly in light of government spending cuts, the worst affected areas were public housing and other public
70 November/December 2010
Bridging Loans LTV %
Amount Band Min - Max £k - £m
Term Years
Capital Holiday Years
Interest Rates + Margin %
Fee % Lease Years End 0f Loan
Area Guide
works, with negative net balances of -32 and -23 respectively. Sentiment over public housing workloads is now at its lowest level since the survey began in 1994. Across the UK, all regions reported negative net balances in the third quarter. Northern Ireland recorded the largest deterioration in workloads, with the net balance at -63. Scotland also experienced sharp declines in workloads as did the south west and Wales. Skill shortages for tradesmen remain close to historic lows with just 2% of surveyors reporting difficulties with recruiting workers. However, there were slight rises in demand for plumbers and electricians. Looking ahead over the next 12 months, 20% more surveyors expect employment to fall further rather than rise. The overall outlook for the coming year also worsened, with surveyors reporting output expectations falling at a faster rate
Business Money
than projected at the time of the previous survey. Indeed, the net balance for output expectations now stands at its worst level since the first quarter of 2009. Meanwhile, a substantial majority of surveyors continue to expect profits to fall further over the next 12 months.
Commenting, RICS chief economist, Simon Rubinsohn, said: “Government data shows the construction sector has rebounded more strongly than many anticipated but our latest survey casts considerable doubt on whether this improvement can be sustained. The collapse in public funding will inevitably have a major impact on the sector. “Worryingly, the responses from small businesses operating in the construction industry indicate that they are being squeezed by increased competition for projects from larger firms. Indeed, their long-term viability is being put in danger at a time when government has pledged to help small businesses.”
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 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104