News

Aldermore launches contract finance product

Finance, Funding

Aldermore has announced the launch of a new contract finance offering. The new service will enable SMEs with an annual turnover above £250,000 to release working capital by advancing funds against their contractual billing. “We have launched our contract finance offering at a time when a growing number of...

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Housebuilder acquires southern developer

Finance, Funding, Property

Housebuilder Galliford Try has announced that its partnerships business has completed the acquisition of a leading developer in the South of England. Southampton-based Drew Smith Group – which comprises Drew Smith Limited and Drew Smith Homes – specialises in mixed-tenure developments, land promotion and planning services. The acquisition comes...

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Mobile bank reaches 200,000 customers

Finance

Monzo has revealed that over £250m has been spent via its cards by more than 200,000 customers. The challenger bank has seen a significant rise in customers since hitting the 100,000 milestone just three and a half months ago. The announcement comes a month after Monzo became a fully...

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Developer enters Irish market with student accommodation plans

Property

Crosslane Student Developments has submitted its first purpose-built student accommodation planning application in the Republic of Ireland. The plans outline the proposed delivery of a 232-bed development in Dublin city centre due for completion for the 2019/20 academic year. Estimates from the Higher Education Authority in 2015 suggested a...

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What Is The Reality For Business Borrowing?

Finance, Funding

Whist the current economic climate is challenging we all have to accept that business funding remains difficult to obtain. The entire dynamic of the banks operating procedures relating to business lending has changed to an unrecognisable point and it continues to change on an almost daily basis. No longer do we live...

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Back To Basics – Banking And Funding

Finance, Funding

There are a number of key areas where profits leak from a business. These common problems apply across a wide range of businesses to varying degrees. Key questions to ask are therefore…   A) Have you reviewed your current funding in the past 6 months? If you haven’t reviewed this...

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Buy To Let Investors Update

Finance, Investment

As you will know from previous updates, the tax rules on the treatment of BTL mortgage interest change next April.   Whilst some commentators suggested that the proposals may be reversed or reduced, that does not currently look likely. As a result there will be an increasing restriction of tax relief...

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