Business Money
® Name of lender
BANKS Agricultural Mortgage Corporation Ahli United Bank (UK) Allied Irish Bank (GB) Bank of Ireland Bank of Scotland Barclays
Clydesdale Bank
Lloyds TSB NatWest
Northern Bank Royal Bank of Scotland
Santander Business Banking Santander Corporate Banking The Co-operative Bank Ulster Bank
Unity Trust Bank Yorkshire Bank
BUILDING SOCIETIES Cumberland Newbury
Leisure
LTV % MV Amount band Min - Max £k - £m
60 60 70 70 70 70 70
FAF–The Rural Mortgage Specialists (d) HSBC
neg 70 70 70 70 70 70 70 70 75 70
60 65
25–neg 3m–7.00 250–neg 25 – neg 25–neg 25–neg 25–neg neg–neg 25–neg 25–neg neg–neg 1–neg
neg–neg 25–1m 25–neg neg–neg 25–2.00 250–6.00 25–neg
25–5.00 30–1.00
COMMERCIAL PROPERTY FINANCE COMPANIES Commercial First W M Mann
65
Lancashire Mortgage Universal Acceptances
Key:
80 (n/s) (g) 75 (n/s)
Term Years Capital Holiday Years
5–40 1–7
1–15 1–15 1–20 1–25 1–25 1–25 2–30 1–20 1–25 1–25 1–25 5–25 1–25 1–10 0–25 1–30 1–25
3–20 5–25
(e)
neg neg no
0–2 1–3 neg
neg (c) neg 0–2
neg (c) 5
neg (c) 0–1 neg neg neg 0–2 neg
neg no
Interest Rates + Margin %
negotiable (b)
Libor + 2.50–3.00 0.50 + 1.50–5.00 0.50 + 2.00–5.00 negotiable
0.50 + 2.00–8.00 0.50 + neg negotiable
0.50 + 1.50–6.00 (a) negotiable negotiable
0.50 + 1.85-7.00 negotiable
0.50+ 2.50-4.75 negotiable (o)
0.50 + 1.50–5.50 0.50 + 2.00–4.00 0.50 + 1.00–3.00 0.50 + neg
4.99 + 0.00–1.50 4.45+ 0.55–2.55
30–0.90 26–1.00 25–250k
2–12
Temporary suspension of new lending neg
1– 30 (j) 10
0-30 67 mths 12.95% Flat Fee %
Lease Years End of Loan
1.00
1.00–1.50 1.00–1.50 neg neg neg neg
neg neg neg neg 21 25 (f)
neg, max 1.50 neg 0.50–1.50
25
neg, max 1.50 21 neg
1.00–1.75
neg 25
neg, max 1.50 neg min 1.00 neg
0.50–1.50 1.00 1.00 neg
neg 0.25–1.00
40 25 35
40
35 25
50 30
Area Guide
England, Scotland, Wales England, Scotland, Wales England, Scotland, Wales UK UK UK UK UK UK UK UK UK
England, Scotland, Wales UK UK
England, Scotland, Wales Northern Ireland England Wales
England, north of M4 England, Scotland, Wales RG, OX, HP, SN, SL, SP, SO, GU UK
0.50 + 6.00–7.00 (i) from 10.90 (h)
1.00–2.00 no
from 1.00–2.00 50 2.00
50 Scotland
England, Scotland, Wales England, Scotland, Wales
(n/s) Will consider non-status. A specialised area where cashflow and experience are vital. Call our Professional Support Desk to help you select an appropriate facility. Unexpired lease term at start of loan (a) Fixed rates available (b) Fixed and variable rates available (c) Capital holidays are available subject to status (d) Established golf courses and rural leisure projects (e) Will consider if part of an agricultural diversification scheme (f) 20 years – Scottish lease, 25 years – English (g) Purchases up to 80%; remortgages and secured loans up to 70% (h) Discounted rate option (i) Calculates interest daily, fixed rate money is not on offer and APR’s not quoted (j) Bridging finance 1-24 months; term loans and mortgages 7-30 years.
All information © Copyright Business Money Ltd 2010
CPI annual inflation T
he government’s target measure was 3.2% in October, up from 3.1%
in September. The largest upward pressures to the
change in CPI inflation came from fuel and lubricants where prices, overall, rose by 1.8% between September and October this year compared to a fall of 0.7% a year ago. This largely reflects a rise of 2.1 pence per litre in the price of petrol between September and October this year compared with a fall of 0.8 pence per litre a year ago. The rise in fuel prices this year includes the impact of the increase in road fuel duty, which took effect from 1 October 2010.
Financial services prices, overall, fell by less than a year ago. There were significant reductions in bank overdraft charges and
The information in this table is updated every month. The guide to the Business Money tables is on page 74
mortgage arrangement fees between September and October last year which have not been repeated this year.
Games, toys and hobbies prices, overall, rose by 1.9% this year compared to an increase of 0.4% a year ago. The main upward effect this year came from computer games bought on the high street (rather than via the internet) where prices rose sharply. Alcoholic beverages and tobacco prices, overall, rose by 0.8% between September and October this year but fell by 0.2% a year ago. No one component drove the upward contribution but there were small upward effects from wine, beer and tobacco. The largest downward pressure to the
change in CPI inflation came from food where there were widespread downward effects.
Business Money
The most significant downward pressures came from vegetables and meat. Within vegetables the largest downward effects came from potato crisps and cauliflowers. The main downward effects in meat came from pig related products where it has been reported that healthy stock levels have helped push prices down. RPIX inflation – the all items RPI
excluding mortgage interest payments – was 4.6% in October, unchanged from September.
As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate in September was above the provisional figure for the European Union. The UK rate was 3.1% whereas the EU’s as a whole was 2.2%.
November/December 2010 73
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