Business Money
® Name of lender
Agriculture & Rural Enterprises
LTV % Amount Band Min - Max £k - £m
BANKS Agricultural Mortgage Corporation (i) 60 Bank of Scotland Barclays
Clydesdale Bank
Lloyds TSB NatWest
Northern Bank Royal Bank of Scotland
Santander Business Banking The Co-operative Bank Ulster Bank
Yorkshire Bank
BUILDING SOCIETIES Ecology
Lancashire Mortgage Key:
70 70 70 70 70 70
70 80 70
25–neg neg–neg 25–neg neg–neg
FAF–The Rural Mortgage Specialists (f) up to 70(h) 25–neg HSBC
neg–neg neg–neg neg–neg 1–neg
70 (g) 70 70
70
neg–neg 25–1.00 neg–neg 25–neg neg–neg
25–1.00
COMMERCIAL PROPERTY FINANCE COMPANIES Commercial First
80(n/s) (n) 26–1.00
Term Years
5–40 0–20 1–30
1–25 0–25 1–30 1–25 1–30 5–25 1–10 0–25 1–25
Capital Holiday Years
(c)
0–2 1–3
1– 25 neg (f)
0–5 (k) neg 0–2
0–5 (k) 5
0–5 (k) 0–1 neg neg neg
10–25 no 1–30 (m) 0-30
Interest Rates + Margin %
negotiable (l) negotaible
0.50 + 2.00–8.00 0.50 + neg
negotiable (a) 0.50 + neg (e) negotiable negotiable
0.50+ 1.85-7.00 negotiable
0.50+ 2.50-4.75 (j) 0.50 + 1.50–5.50 0.50 + 2.00–4.00 0.50 + neg
0.50 +4.40 – 5.50
Temporary suspension of new lending 10.90 (b)
Fee %
Lease Years End of Loan
1.00 – 2.00 neg neg neg
neg, max 1.50 neg neg
neg, max 1.50 1.00–1.75
neg, max 1.50 min 1.00 0.50–1.50 1.00 neg
0.75 neg
21 25
(d)
neg 25 21
neg 25
neg 40 35
40 25 35 from 1.00–2.00 50 Area Guide
England, Scotland, Wales UK UK UK UK UK
England, Scotland, Wales England, Scotland, Wales UK
England, Scotland, Wales UK
England, Scotland, Wales Northern Ireland
England, north of M4 UK UK England, Scotland, Wales
(n/s) Will consider non-status Unexpired lease term at start of loan. (a) Fixed rates available up to 25 years (b) Discounted rate option (c) Interest only for the whole term of a loan (d) 20 years – Scottish lease, 25 years – English (e) Fixed rates available (f) up to 30 years on C&I basis (g) The Co-op’s ethical guidelines (h) Interest only for 15 years (i) Specialists in financing the rural sector (j) Only deal in alternative use of the land including equestrian kennels etc (k) Capital holidays are available subject to status (l) Fixed and variable rates available (m) Bridging finance 1-24 months; term loans and mortgages 7-30 years (n) Up to 80%; remortgages and secured loans up to 70%.
All information © Copyright Business Money Ltd 2010 The information in this table is updated every month. The guide to the Business Money tables is on page 74
Cuts to first class travel costs UK businesses £15,624 per employee per year
uts in the use of first class train travel is costing UK business’ £15,624 in lost productivity per employee every year. Nearly half of business travellers revealed their employers had stopped their first class travel despite 86% of business passengers admitting to being more productive when travelling in first class. Of travellers 59% said they were inclined not to work if their business booked them a standard fare – some even opting to use a pool car. More than 70% of people said they felt unable to work if not travelling first class due to business cost cutting. More than half said they enjoyed the benefits of larger seats, more space, power sockets, complimentary refreshments and a table – just some of the many of the advantages that can be enjoyed in first class. The study into 1,000 business people across the country was conducted by CrossCountry trains, one of the UK’s largest rail franchises, which has been researching the real costs of UK business travel cuts since the economic downturn. Professor Cary Cooper, distinguished professor of organisational psychology and
C 72 November/December 2010
health, said: “During tough economic times, first class travel is considered a luxury and almost one of the first things that businesses cut. However, companies should look carefully at the true cost of cutting first class travel and consider the effect this is going to have on the productivity of their employees and the profitability of their company. “In addition, businesses should also consider the networking opportunities that will be lost by sending their employees in standard. First class has always been a prime place to form business to business relationships which can potentially lead to added revenue for companies.” With advance first class fares costing on
average £39 more than standard – CrossCountry trains is encouraging businesses to consider first class once again. Stuart Henry, external relations manager
at CrossCountry, said: “The average extra cost of a first class journey of one and a half hours is only £39, set this against the cost of having a professional losing £225 of billable time per journey and the cost benefits are clear.” Costs based upon an average of seven journeys of one and a half hour each per month with
Business Money
average advanced first and standard fares from Manchester to Birmingham and an average business charge out rate of £150 per hour. “Typically, a lawyer travelling from Manchester to Birmingham would have one and a half working hours in a relaxed, spacious environment with access to power, a table and refreshments. The cuts businesses have made mean they are now travelling in standard, which our research has shown to be less productive for professionals on tight, demanding schedules. “Some businesses may not realise that first class travel represents excellent value for money with advance fares costing as little as £67.50 from Manchester to Birmingham.”
Industry wide, the research showed accountancy and law firms are the most affected with 44% and 43% respectively cutting first class travel, yet over 46% and 38% respectively of employees said they only work on the train if they were to travel first class. Bigger seats, more space, individual tables were motivators around this. In comparison, 80% of law professionals
and 70% of accountants said that they were more productive if they travelled first class.
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