Mortgages For Business: Commercial Mortgage Blog

Funding investment properties in 2011 - 22.03.2011

Mar 22 2011 12:00AM

The number of calls for refinancing existing bank loans prompted by the bank and not the borrower seem to increase every day. Here is a flavour of the issues borrowers are encountering when “the bank manager” calls":

Commercial Mortgage Market update - 10.1.2011

Jan 9 2011 6:03PM

A review of the Commercial Mortgage market as we go into 2011.

CML lending figures offer no comfort to those worried about the availability of credit - 19.11.2010

Nov 18 2010 12:00AM

Gross mortgage lending in October was an estimated £12.4 billion, unchanged from September but down 9% from £13.6 billion in October 2009, according to new data from the Council of Mortgage Lenders. This is the lowest October total since 2000 (£9.9 billion).

Movement from BTL lenders more muted this week 22.10.2010

Oct 22 2010 12:00AM

Home news this week has been dominated by the announcement of the Government's Comprehensive Spending Review and the resultant impact it will have on the economy.

CML gross lending figures truly dire 20.10.2010

Oct 20 2010 12:00AM

According to the CML, gross mortgage lending totalled an estimated £12 billion last month, the lowest September total since 2000.

Remortgaging becomes urgent for borrowers 07.10.2010

Oct 7 2010 12:00AM

Sourcing commercial finance remains challenging with the majority of High Street banks still in retreat and acting extremely cautiously, especially around property finance. Lenders such as RBS, Clydesdale, and of course the Irish banks, have started to review and re-price commercial loans and in many cases ask borrowers to refinance elsewhere.

BBR held at 0.5% - but what next ? 04.02.2010

Feb 19 2010 12:00AM

No surprise on the MPC announcement that once again BBR is being held at 0.5% and that current QE commitments will be concluded with no additional resource for the time being - but opinions are sharply divided on trends later in th year.......

A light refurbishment product - one stop shop 01.02.2010

Feb 3 2010 10:11AM

A light refurbishment product where a facility of up to 70% of end value is granted at outset with a retention released on valuation re-inspection.

Improving Criteria for 2010. 23.12.09

Dec 23 2009 2:19PM

2009 has been a tough year for Commercial borrowers. Options are looking better for 2010.

Commercial enquiries increase by 44% in the last month - 29.09.2009

Sep 29 2009 10:06AM

In the last month we have seen a 44% increase in the number of Commercial enquries to our commercial mortgage packager arm. The largest increase has been in placing traditional mortgages for trading businesses and commercial investments...

Base Commercial to resume lending through Broker Panel 26.05.2009

May 27 2009 12:00AM

Base Commercial is expected to resume lending on commercial property (including residential investment property) later this summer. MFB is pleased to be appointed one of the 10 commercial brokers who will package new business on behalf of Base. We hope to have a roll-out programme in the next fortnight.

Continuing great auction results - Allsop Report 22.05.2009

May 22 2009 12:00AM

Full results fro Allsop's 3rd Auction of 2009 on Monday 18 May 2009. Some interesting indications of stabilisation - just follow the links !!!

Grab 2 & 5 year fixed rates from 4.47% & 5.69% respectively 19.05.2009

May 19 2009 12:00AM

If you believe that SWAP rates are on the increase now may be the time to lock in with a 2 or a 5 year fix

“Figures show quantitative easing plan is not delivering” TimesOnline 02.05.2009

May 5 2009 12:00AM

Shock horror – the £50Bn spent so far on QE has been totally wasted – or has it?

Quantitative Easing Update - 23.04.2009

Apr 23 2009 10:27AM

Two more rounds of Gilts purchase QE this week ahead of the Budget on Wednesday. Total Gilts purchases of £6.5Bn n Monday/Tuesday attracting tenders amounting to £18.3Bn – giving composite cover of 2.8x.

QE Update w/e 17 April 2009

Apr 17 2009 12:00AM

Two rounds of Gilt Auction Purchases this week - for a total of £6.5Bn attracting offers for £17.4Bn – representing cover of 2.7x.

Eighth Quantitative Easing update - 14.04.2009

Apr 14 2009 5:19PM

So - no change in Bank Base Rate last week (no surprise there) and the Bank announces it has purchased over £26Bn under the Quantitative Easing programme.

Seventh QE Auction rumbles on 01.04.2009

Apr 2 2009 12:00AM

Another one away with £4.36Bn chasing the available £3.5Bn - this represents 1.25 x Cover

Sixth QE Auction gets away safely 30.03.2009

Mar 30 2009 12:00AM

Another one safely away at 2.03 x Cover

Fifth QE Auction away with less cover 25.03.2009

Mar 25 2009 12:00AM

With only 1.40 X Cover on today's auction, the additional APF for the week was boosted from £2.5Bn to £6Bn today

Fourth quantitative easing continues success of oversubscription 23.03.2009

Mar 23 2009 12:00AM

Today's auction was again well subscribed at £7.99Bn - effectively a cover ratio of 3.21

Quantitative Easing Auctions increase availability of funds next week 20.03.2009

Mar 20 2009 12:00AM

Following the success of this week's auctions the BoE APF Auctions next week will make an additional £1Bn available - to a total of £6Bn.

Third quantitative easing heavily oversubscribed even at £3Bn 18.03.2009

Mar 18 2009 12:00AM

Today's auction flew out the doors at £21.98Bn bids

Second quantitative easing was again well subscribed today 16.03.2009

Mar 16 2009 12:00AM

The BoE announced that today's auction was well subscribed with bids on £6.8Bn

First Quantitative Easing auction oversubscribed by banks this afternoon 11.03.2009

Mar 11 2009 12:00AM

Off to a flying start the Banks piled in at 10.5Bn against the available £2Bn whiuch will proive interesting inthe coming days.

Lloyds /HBOS agree to additional £9Bn of business lending this year 10.03.2009

Mar 10 2009 12:00AM

The announcement of Lloyds/HBOS finally doing a deal with the Gov't in the APS shoulds bring an additional £9Bn of business lending to beleagured borrowers in 2009.

MPC slashes Base Rate to 0.5% !!! 05.03.2009

Mar 6 2009 12:00AM

As expected, the MPC has continued to use the tools at its disposal and slashed rates again to a record low of 0.5%. It also announced its first round of quantitative easing with £75Bn to buy assets

BBC 1 Panorama reports on banks' attitude to SMEs 25.02.2009

Feb 25 2009 12:00AM

Panorama sent Dragon's Den entrepreneur Theo Pathitis out to visit SMEs who were feeling ill treated by their banks. Watch the programme and wince...we believe that there would have been solutions to most of the scenarios described.

Does this story remind you of the last recession ? 18.02.2009

Feb 17 2009 12:00AM

Recessions bring out the worst in the banks and the current crisis has brought out some bizarre market positioning and message to business borrowers of HSBC........

Allsop Auction on Wed 11 February produces better results 18.02.2009

Feb 16 2009 12:00AM

The latest commercial property auction by Allsop has seen an improvement inactivity with achieved yields down from 8.3% in December to 6.7% last Wednesday. For the full details, read on.....

Prepare for “green crunch” King Sturge expert warns commercial property professionals

Jul 25 2008 12:00AM

A raft of new “green” regulations mean the property sector should brace itself for a year of “double crunch,” according to a leading expert

Dr Angus McIntosh, head of research at international property consultants King Sturge, warned an audience of office developers and occupiers in Bristol that the effects of the global “credit crunch” would be compounded in April by the introduction of stringent new government environmental standards.

Market conditions force lenders to withdraw

Jul 25 2008 12:00AM

The onset of the credit crunch has limited the number of lenders in the commercial and business mortgage marketplace. New securitised lenders such as Commercial First have temporarily suspended all new lending. The problems relate to conditions in the global finance markets rather then the strength of the businesses themselves. The lenders cannot find new funding at an appropriate price from the money markets and therefore have withdrawn until this situation has been remedied.