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Latest Commercial Briefing Index Page

Hot off the press

We have listed below the most popular commercial briefings doing the rounds within the commercial finance industry. Should you wish to read our archived commercial briefings please click here.

The commercial real estate market of the UK is fundamentally different to how it used to be, at least in the short to medium-term. This is according to Phil Clark, chair of the Investment Property ...
The amount of non-mortgage borrowing held by consumers fell in December by the largest amount on record: £377m. The drop was due to a fall in borrowing on overdrafts, bank loans and hire-purchase a...
Royal Bank of Scotland chief executive Stephen Hester has turned down his controversial bonus, worth nearly £1m. BBC business editor Robert Peston said Mr Hester would renounce the £963,000 shares-...
Gross mortgage lending by the major UK banks reached its highest monthly level of the year in December, industry figures show. Lending of £9bn was 12% higher than in December 2010, the British Bank...
The heads of the IMF and World Bank have joined other influential figures in calling on countries to implement free trade, reform their economies and protect economic growth. They warned that auste...
There is set to be a reduction in the value of UK business premises. This is according to Capital Economics property economist Kelvin Davidson, who forecast that commercial mortgage holders and oth...
More than one in ten small business owners have put their own home up as security in order to keep trading within the last year. Others are raiding their own savings or asking relatives for loans, in ...
There is no sign of the UK property market picking up in the coming months, the Royal Institution of Chartered Surveyors (Rics) has said. Its latest monthly survey says some sellers are still askin...
Confidence in the strength of commercial property in London has fallen, research by Lloyds Banking Group has revealed. According to an industry survey undertaken by the institution and published by...
Many retailers will have a difficult time in the immediate future. This is according to Chainbow chairman Roger Southam, who said the sector "could be in for a bumpy ride, depending on the Christma...
When banks can't borrow, they can't lend. A general problem of that sort is a credit crunch, in which businesses and households can't obtain the credit they need. That, in turn, leads to an econ...
A lease has been produced through an initiative between the British Retail Consortium (BRC) and the Royal Institution of Chartered Surveyors (Rics) that should provide an easy-to-use and simple contra...
The cost of renting a home in England and Wales fell for the first time in 10 months in November, a survey has said. Rent at a typical property dropped by 0.4% compared with October, to £717 a mont...
The property sector is going to go on facing fundraising difficulties next year as only 35% of investors plan to invest in new real estate funds in 2012, says a report out this week from US-based rese...
The value of office space in London could be damaged by the crisis in the eurozone. British Council for Offices chief executive Richard Kauntze claimed the capital will be impacted by an economic c...
Attempts to get all 27 EU states to back changes to the bloc's treaties to tackle the eurozone crisis have failed. Speaking after long talks in Brussels, French leader Nicolas Sarkozy said the 17 e...
London is the best city in the world for a company to locate its offices, it has been said. Iain Smith, spokesman for the London Chamber of Commerce, noted the time zone enables trade to take place...
Hotels provide a good money-making opportunity, it has been said. People looking for the best commercial mortgage may wish to purchase these assets, as HOTELINVEST owner Thomas Wuhrer asserted retu...
Chancellor George Osborne: "We will underwrite the loans the banks make to small businesses in order to cut the interest rates the small businesses pay." Continue reading the main story Autumn Stat...
Commercial landlords are coming under pressure from all sides in the current economic climate, report K2 Business Rescue. The plight of those landlords in the retail sector has perhaps been the mos...
People should try to gain experience in the sector before purchasing a pub. This is according to All Party Parliamentary Beer Group honorary secretary Robert Humphreys, who argued "the first thing"...
Shares in US banks tumbled in late trading on Wall Street after ratings agency Fitch issued a warning over their exposure to the eurozone crisis. The Dow Jones fell sharply in the last hour of trad...
This is according to British Council for Offices (BCO) chief executive Richard Kauntze, who explained the district contains everything a firm would need. People planning to take out a commercial mo...
Lloyds Banking Group has reported a £3.9bn ($6.3bn) loss for the first nine months of 2011, mainly due to the cost of settling claims for mis-selling payment protection insurance (PPI). The pre-tax...
There was a decline in the number of office occupants who renewed their tenancies over 2010, the Strutt and Parket / Investment Property Databank (IPD) Lease Events Review has revealed. Commercial ...
The Spanish banking group Santander has reported a 10% increase in net profits to 1.8bn euros ($2.5bn; £1.6bn) in the third quarter compared with last year. The results were below market expectatio...
The government must reconsider the way in which commercial property tax is calculated, the British Property Federation has claimed. It noted the Retail Price Index (RPI) has reached 5.6 per cent an...
Individuals looking to invest in commercial mortgages so they can establish their own company may be interested in one expert's comments about the need for more accessibility to finance for new firms....
The European Banking Authority is proposing that eurozone banks should hold capital equivalent to between 9% and 10% of their risk-weighted assets, on a Basel 2.5 basis, with sovereign debt in trading...
Slovakia will vote later on measures to bolster the powers of the eurozone bailout fund, seen as vital in combating the bloc's debt crisis. After Malta approved the plans late on Monday, Slovakia i...
There are positive and negative aspects to locating a business in a Midtown property in central London. This is according to inmidtown chief executive officer Tass Mavrogordato, who explained the o...
Greece has said its budget deficit will be cut in 2011 and 2012, but that it will still miss targets set by the EU and IMF. The 2011 deficit is projected to be 8.5% of GDP, down from 10.5% in 2010 ...
Businesses may wish to locate their workplaces in the centre of London, one expert has said. British Council for Offices (BCO) chief executive Richard Kauntze claimed areas within the Circle Line a...
There was progress towards a eurozone rescue deal during the IMF's annual meeting in Washington, according to those present. But they caution that a workable proposal cannot yet be banked. There w...
Commercial mortgage holders may wish to alter the type of relationship they will have with tenants due to the recession. Knight Frank commercial research team partner Darren Yates recommended being...
Individuals searching for the best commercial property mortgage deal may wish to be careful as to where they set up their company, as some town and city centres in the UK are said to be in a particula...
The number of successfully secured commercial mortgages has increased, rising six per cent compared with last year. An annual survey of members by the National Association of Commercial Finance Bro...
More evidence of the weight of claims over loan insurance mis-selling has emerged with the latest complaints figures from the financial ombudsman. The service, which deals with unresolved issues be...
Firms seeking commercial mortgages to purchase office space might want to consider how the use of this building has changed over the last few decades. British Council for Offices (BCO) research com...
Mortgage lending to house buyers is starting to pick up, according to the latest figures from the Bank of England. In July, a further 49,239 mortgages were approved, but not yet lent, to house buye...
More borrowers are seeking out advice from mortgage intermediaries for the first time, says research by Kensington. A survey of 617 mortgage intermediaries has found that nearly one in five (18%) s...
Commercial mortgages in London may be a good investment as many retail businesses intend to open up stores in the city's main shopping districts. This is according to director of commercial researc...
Firms harmed by the recent rioting can benefit from holidays on repaying their commercial mortgages, NatWest and the Royal Bank of Scotland (RBS) have announced. "The riots that affected communit...
Research conducted by Hatfield Philips, an independent primary and special servicer, has found that industry experts believe that, for many European markets, commercial property prices have not bottom...
A new funding route designed to “persuade international bankers to open their wallets” opened up for overseas property investors this week when fractional consultant David Disick launched a new websit...
The UK's five largest banks said they will meet targets for lending to businesses in the Project Merlin deal. The banks said they had lent just over £100bn to UK businesses in the first half of the...
Commercial mortgage holders may wish to invest in London, following the advice of one expert. Stephen Dyer, managing director of Ideal Property, called it a "good place" to purchase real estate, ar...
Spain has had to pay higher interest rates to borrow 4.45bn euros ($6.32bn, £3.9bn) on the financial markets. In a bond auction on Tuesday the yield on loans repayable in 12 months was 3.702%, up f...
Commercial mortgage holders may find London to be the best place for property investment. This is according to Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, who ...
Foreign investors are taking advantage of “ridiculously low” interest rates in Britain by taking mortgages out to buy property in trendy London areas. Estate agency LDG, which specialises in p...
Commercial mortgage holders with buildings in London own property in the most positive-looking market in the UK, new research has revealed. The Royal Institution of Chartered Surveyors (Rics) found...
The UK's five biggest banks have launched a mentoring scheme for small and medium-sized enterprises (SMEs). Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander are recruiting...
Businesses in London may require commercial mortgages to fund expansion plans that have been highlighted in new research. The Confederation of British Industry (CBI) and KPMG polled 188 organisatio...
You may think that there is not much for which we should thank banks at the moment. But it is striking that in the Great Recession of 2008-9, they put fewer businesses into insolvency under adminis...
Commercial mortgage holders may be interested to know that the BBC is seeking potential buyers for its television centre. Alongside consultant Lambert Smith Hampton (LSH), the corporation is lookin...
Nationwide Building Society's commercial mortgages division has completed a deal worth £9.55 million, which will be used to purchase the 38,000 sq ft Stadium Retail Park located in Wembley City. Se...
India has overtaken China as the source of Asia’s biggest investors in overseas property in London. A booming Indian economy, favourable foreign exchange rates and increasing numbers of wealthy ...
There has been a 200 per cent increase in the number of tenants committing to offices in Manchester in the first quarter of 2011 compared with the same period in 2010, which may be good news for comme...
The bosses of Britain's biggest banks are often viewed as hunting in a pack, of showing too many of the characteristics of a cosy cartel. Not today, in front of the Treasury Select Committee. On...
Commercial mortgage holders might be interested to hear that the Green Deal will have an independent body and a code to ensure all improvements made to properties reach the required standards. Memb...
A range of London properties may soon become available to holders of commercial mortgages after Ireland's National Asset Management Agency (Nama) announced it intends to dispose of its prime assets. ...
High Street banks lent £16.8bn to small businesses in the first three months of this year, meaning they are likely to fall short of lending targets set by the government under the so-called Project Me...
Commercial mortgage broker Crystal Mortgages has reported a record start to the year. During the first quarter of 2011, the Walsall-based firm issued more than £69 million in terms to businesses. ...
Business Secretary Vince Cable says he wants a "significant improvement" after data showed UK banks are behind track in their lending to smaller firms. Bank of England figures show that in the firs...
Banks have been told they will be much more strictly supervised by the new Prudential Regulation Authority (PRA). This may impact the commercial mortgage marketplace. The warning came from Hector S...
People looking for commercial mortgages may be interested to know that one expert has said business real estate is a good investment. According to the Financial Times, managing director of Threadne...
Commercial mortgages taken out to purchase offices may be well spent on modern spaces, as one expert has said businesses need to tailor their workplaces to suit the way firms have changed. Gary Win...
Commercial mortgage lenders are more interested in dealing with people buying prime property in London. This is the opinion of director at Hatfield Philips Dr Stewart Hotson, who wrote in an articl...
The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency. German magazine Der Spiegel reported that a meeting...
People with commercial mortgages on holiday accomodation in Gwyned may be charged fees for waste collection. This is according a BBC report, which said the local authority is attempting to raise ca...
There are signs the commercial mortgage market may be growing, with lenders increasing their headcounts and branching out into the business of offering firms property loans. Phoebus Software's mana...
The availability of commercial mortgages could increase following a deal between Blemain Finance and Brightstar Financial. Managing director of Brightstar Financial Rob Jupp stated that the collabo...
People looking for commercial mortgages may be interested to know that an Altrincham-based company has taken over the management of a shop and office space. Regional Property Solutions' business re...
People looking for commercial mortgages may be interested to know that an Altrincham-based company has taken over the management of a shop and office space. Regional Property Solutions' business re...
The market ended the quarter pretty much steady as she goes. Demand is generally good and yields were unchanged on the past month, at least for prime property. The current prime average is 5.68%...
A development in Bradford has been part-financed by a £1 million commercial mortgage from the Charity Bank, according to the town's Telegraph and Argus. Two buildings containing 14 workspaces and 1...
Allied Irish Banks (AIB) has announced plans to cut more than 2,000 jobs in 2011 and 2012, in order to lower costs. The news came as the bank revealed it made a total loss for 2010 of 10.2bn euros ...
Large returns in the real estate market means there is "fairly healthy demand" for commercial property at present, a trend which could see a rise in the number of firms taking out business mortgages. ...
Demand for commercial mortgages may be on the rise in Manchester, after one real estate firm revealed an increase in the number of new-build schemes getting underway in the city. According to the l...
Nearly two thirds of property investors (64%) believe that banks have either already begun releasing their distressed assets back into the market or will start over 2011, according to a new study by I...
Commercial mortgage holders are taxed too highly compared with residential homeowners, it has been argued. In a letter to the Financial Times, Tim Ward explained that he paid significantly more on ...
Taxing commercial mortgage holders with empty properties should be scrapped, since the practice could "scupper many firms' ability to grow". This is according to Liz Peace, chief executive of the B...
Public sector borrowing last month was £11.8bn, a record for the month of February. The official figure, provided by the Office for National Statistics, was nearly double the £6.9bn forecast by eco...
People who are considering taking out a commercial mortgage may be interested to know that Lloyds Banking Group and Scottish property expert Scott Cairns have put 11 assets on sale in Scotland. Sco...
Gazumping is back with a vengeance in the London market as the capital increasingly does its own thing – divorced from the rest of the UK. Agents are reporting that cash-rich buyers are piling into...
Commercial mortgage holders with prime assets may not see much change in 2011, although there may be slight falls elsewhere in the sector. This is according to Ed Stansfield, property economist at ...
Commercial mortgage holders may need to ensure the properties they supply are adaptable for different business needs, as one expert has suggested this is one of the factors potential tenants are looki...
Banks cut their lending of commercial mortgages last year, it has been reported. Bloomberg stated that falls in property prices are behind the trend, while the Property Industry Alliance group rece...
Commercial mortgage holders may be affected by plans to change the way companies declare their leases. According to the Scotland on Sunday, proposals by International Accounting Standards that woul...
Another Bank of England policymaker has voted for an interest rate rise - suggesting rates could be raised sooner rather than later. Spencer Dale has joined Andrew Sentance and Martin Weale in back...
Commercial mortgage holders in London are seeing more people looking to rent offices, it has been claimed. Richard Kauntze, chief executive officer of the British Council of Offices, explained: "Lo...
Commercial mortgage holders should not buy a property without having it professionally surveyed. This is a warning from the Royal Institution of Chartered Surveyors (Rics) in an article for the Liv...
The fourth quarter 2010 saw further modest improvement in the commercial real estate market but pronounced regional and sector differences continue, RICS has said. In its UK Commercial Market Surv...
The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. Both decisions were expected, but the level ...
Business property owners may consider taking out commercial mortgages for new purchases following news that one shopping centre has been bought at a discounted price. According to the Scotsman, Ayr...
Breaking up UK banks would be a "mistake", the new head of the CBI has told the commission looking at the future structure of the industry. John Cridland told the Independent Commission on Banking...
Commercial mortgage holders may be interested to know the asking price for property in Ireland and one hotel's sale could offer some insight. Larne's Highways Hotel has been put on the market by KP...
Commercial mortgage holders may be interested to know that a leaked email from Scotland's first minister Alex Salmond proposed businesses with empty properties should be charged higher rates. The d...
Commercial mortgage holders are to be hit by the scrapping of business rate exemptions for empty properties with a rateable value of under £18,000 and new research has indicated as many as 990,000 ass...
The Federation of Small Businesses (FSB) has called on the government to take another look at its plans to scrap business rate exemptions for some empty properties owned by those with commercial mortg...
Attempts by the coalition government to reach an agreement with the UK's biggest banks on the amount they lend to small businesses have stalled, the BBC has learnt. The plan, known as Project Merli...
Directly authorised brokers are optimistic about the growth of their commercial mortgage business, it has been found. New research from The Mortgage Alliance (TMA) revealed 20 per cent of intermedi...
Commercial mortgages for projects in east London could become popular in light of the city hosting the 2012 Olympic Games. Westfield has sold two Stratford hotel developments to Patron Capital, whi...
A High Street banking giant is set to be the latest lender to lose a hefty sum on a commercial property deal, dating back to 2007. Lloyds Banking Group is likely to lose at least £20 million due to...
Commercial mortgage holders will see higher rents in the best quality properties in good locations, it has been predicted. Speaking to Investment International, Portfolio Manager for Fidelity's UK ...
Commercial mortgage holders need to consider the sustainability of their properties, as tenants are increasingly looking for buildings with good green credentials. This is the opinion of director o...
Commercial mortgage holders in London may be encouraged to hear that new statistics have highlighted growth in the capital. US-based Real Capital Analytics (RCA) found the city attracted more comme...
In an unstable economic climate, each investment needs to be thoroughly considered by any company large or small. With few exceptions, property is the largest outlay for any business, whether one is c...
The number of mortgages approved for house purchases by the major UK banks fell to a 20-month low in November, figures have shown. Some 29,991 of these home loans were approved during the month, th...
If you’ve accumulated a huge amount of real estate debt, you need not fret. While purchasing a house is the biggest responsibility on your shoulders, often people tend to make mistakes while taking ou...
Commercial mortgage holders may have seen a rise in the value of their property, as a recent report has shown the average price of commercial real estate increased by 0.1 per cent in November. The ...
Commercial mortgage seekers may consider looking at property in London's Walbrook Square, as one expert has described it as a "prime location". Bloomberg is to buy a site in the area from Legal and...
Iceland has reached a deal aimed at settling the Icesave banking dispute with the UK and Netherlands. Reykjavik has agreed to pay back the estimated 4bn euros (£3.4bn; $5.3bn) the UK and Dutch gov...
Commercial mortgages can be acquired by some companies with a loan-to-value (LTV) ratio of 100 per cent, it has been reported. Writing for StockMarketsReview.com, financial adviser Jim Wright expla...
Lenders need to get clever and innovate more in the way they provide finance in order to aid SME growth, according to the Financing Britain’s Growth whitepaper. The whitepaper explores the many challe...
Capital and asset management company Bluestone has said it is interested in investing in commercial mortgage portfolios in the UK. Chairman of the firm Alistair Jeffery explained the firm believes ...
The Portuguese central bank has warned today that Portugal's banks have become too dependent on loans from the European Central Bank and will need to raise significant amounts of new capital to "resis...
People considering taking out a commercial property mortgage may have seized upon the opportunities that have been described as still available in the market. The Business Desk explained how expert...
The Republic of Ireland's top banks - bailed out by the government at huge cost during the downturn - should be sold, the head of the country's central bank has said. Patrick Honohan said: "As far ...
The commercial mortgage market may need providers to approach lending to businesses differently if it is to pick up, as one expert believes banks are not taking enough risk when providing loans. Fe...
Mortgage lending continues to be subdued, the Council of Mortgage Lenders (CML) says. Total mortgage lending in October was £12.4bn, the same as in September but the lowest October figure since 200...
The lending of commercial mortgages may encourage economic expansion, as one expert has called for banks to allow businesses to borrow more money. Justin Cooke, chair of the British Interactive Med...
Britain's biggest banks are in talks about collectively reducing the amount they will award in new year bonuses. BBC business editor Robert Peston said serious negotiations about the "thorny" issue...
Commercial mortgage holders should ensure they do not leave unoccupied property in a state that could attract squatters. This is according to Paul Shamplina, founder of Landlord Action, who advised...
Barclays has reported a small rise in underlying profits in the latest quarter as business continued to slow. Total profits for the third quarter were £1.27bn ($2.03bn) before adjusting for the ris...
Using commercial mortgages to buy environmentally-friendly property could be a good way for businesses to save money, it has been claimed. A spokesperson for the Renewable Energy Centre.co.uk expla...
Royal Bank of Scotland has plunged back into the red with a £1.4bn ($2.3bn) pre-tax loss during the three months to September. RBS blamed the loss on changes to the "fair value" of its own debt, bu...
Those with commercial mortgages may be entering a market that is unlikely to dip back into recession. This is according to chief economist of the Royal Institution of Chartered Surveyors (Rics) Sim...
Commercial mortgages may be remain easier to repay, as one expert has predicted interest rates will not rise at the Bank of England's Monetary Policy Committee meeting later this week. Michael Baxt...
The Comprehensive Spending Review may cause people to be "cautious" when considering taking out a commercial mortgage, it has been suggested. Bernard Clarke, spokeman at the Council of Mortgage Len...
Commercial mortgage lending has taken a positive turn, it has been suggested. In an article for the Independent, Hamish McRae discussed the findings from the Bank of England's Trends in Lending rep...
Banks are due to find out later how a new Treasury levy on their balance sheets will operate. It is expected to raise about £2.5bn a year by 2013 - less than one-tenth of 1% of the banks' relevant...
The leaders of 35 of the UK's biggest companies have expressed their support for the government's plans for spending cuts running into billions of pounds. The bosses of Marks and Spencer, BT and Gl...
Commercial mortgage holders operating in London are investing in a market speculators find "comfortable", it has been claimed. Simon Rubinsohn, chief economist at the Royal Institution of Chartered...
Those with a commercial mortgage may be interested to hear that investors are increasingly opting to spend their money on property in the UK. Simon Rubinsohn, chief economist at the Royal Instituti...
The International Monetary Fund says the global financial system remains the weak link in the economic recovery. In a new report, the IMF predicts a gradual improvement in the financial system, but...
Barclays Bank is to increase its lending of commercial mortgages after reducing its exposure to the assets to minimise the effects of the global financial downturn. The institution's business loans...
The Irish central bank has said bailing out Anglo Irish Bank will cost up to 34bn euros ($46bn; £29bn). The figure is more than 20% of the country's gross domestic output (GDP). In an interview...
Commercial mortgage holders may be able to charge businesses high fees for the use of offices in Mayfair, as one investor has recently put workspace in the area on the market for record rents. Acco...
The UK's banking sector is growing at its fastest rate since before the financial crisis, a new industry-wide survey suggests. More than a third of UK banks increased their business volumes over th...
Commercial mortgages holders may be investing in an industry that offers high returns as one expert has recently described the yields gained from the sector as "appealing". Speaking to City Wire, i...
Commercial mortgage holders may need to ensure their property is environmentally-friendly, as new research shows this is a key issue for tenants. The latest Property Industry Alliance Occupier Sati...
The amount of bank lending to UK manufacturers has barely changed in the past two months, according to a survey by the EEF engineering group. This is despite the government and business leaders ste...
Commercial mortgage holders in the UK have stakes in the most popular country for cross-border real estate investment, it has been revealed. According to a new study by Jones Lang LaSalle, $7 billi...
Central bank governors and senior regulators have agreed new rules designed to prevent a repeat of the recent financial crisis. At a meeting in the Swiss city of Basle, they agreed a deal requiring...
Business mortgage seekers have been advised the commercial property market is beginning to see signs of a recovery. Writing for the Independent, Simon Read said experts have been buoyed by a "year ...
The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 18th consecutive month. The Monetary Policy Committee's (MPC) decision had been expected, but calls have been ...
Commercial mortgage holders could be negatively affected by government spending cuts, one expert has said. Speaking to City AM, Peter Hargreaves - outgoing chief executive of Hargreaves Lansdown - ...
Gross home loan lending by mutuals reach its highest level of 2010 last month, one organisation has said, which may have seen more money borrowed by commercial mortgage holders. The amount of cash ...
A group of prominent Scottish business people are ploughing about £10m into the Airdrie Savings Bank. The group, including Sir Tom Farmer, Sir David Murray and Brian Souter, are investing to help ...
A CHESHIRE-BASED lobby group for small businesses is warning that inaccurate property valuations are preventing many smaller firms from accessing affordable bank lending. The Forum of Private Busi...
Commercial mortgage holders may consider making their properties more energy efficient after one expert suggested this was what businesses were looking for in a site. Managing director of the Natio...
An influential think tank has warned that interest rates may have to rise to 8% to combat rampant inflation. The warning comes from the Policy Exchange, whose chief economist, Andrew Lilico, argue...
The level of new public sector borrowing in July was £3.8bn, according to the Office for National Statistics (ONS). It is well down on the £6.1bn borrowed in July last year and brings the total so ...
Royal Bank of Scotland's pre-tax profit has risen to £1.14bn in the first half of the year from £15m a year earlier. The bank reported an operating profit of £1.6bn compared with an operating loss ...
2 August 2010 Last updated at 23:13 Share this pageFacebookTwitter ShareEmail Print HSBC sees profits double to $11bn HSBC made most of its money through investment banking in the first half of the ...
Commercial mortgage holders with property in central London are investing in a market that has been described as resilient and attractive to foreign speculators. Property Wire recently reported tha...
The Bank of England will have to keep interest rates at their record low of 0.5% until 2014, a leading economic forecaster has said. The Ernst & Young Item Club said rates would need to be kept low...
Commercial mortgage holders in London are investing in a booming market, according to recent figures. Research by Jones Land LaSalle found that the UK accounted for more than 40 per cent of the ove...
Britain's banks are "ripping off" their customers, Business Secretary Vince Cable has told the BBC. Mr Cable said forcing banks to change their practices would be a key test of the coalition govern...
Some businesses are continuing to find it difficult to access credit from their banks, a new survey has indicated. According to a study by the Institute of Directors (IoD), a third of all firms tha...
The UK housing market in June saw a rise in demand for property while housing stock levels decreased for the first time in four months, according to estate agents. The National Association of Esta...
Commercial mortgage holders should take a countercyclical approach to purchasing property, in order to increase returns, one expert has said. Robin Martin, head of research for Legal & General Prop...
Commercial mortgage holders in London may see a rise in the value of their assets and an increase in the amount they earn from rent, as one investment firm has cited these benefits as its motivation f...
One commentator has suggested that commercial mortgages holders in Yorkshire may see greater confidence in the local market, as three deals are signed. Gatehouse bank, Invista Foundation Property T...
The Bank of England has warned that a new mortgage famine is likely, as fears of a double dip recession grow. The problem is the growing reluctance of banks to let go of any money and lend to each ...
Bankers will be relieved at the agreement of the G20 leaders that tough new rules on the amount of capital they have to hold - as protection against losses - will be phased in. Their fear was that ...
The introduction of the first new high street bank in more than 150 years in the UK will go a long way towards sharpening up the offerings by other lenders, it has been claimed. Doug Taylor, head o...
The number of landlords looking to buy residential property for investment purposes has nearly doubled, according to buy-to-let lender Paragon Mortgages. Paragon’s Trends research, a quarterly pa...
Mortgage holders may currently be seeing "favourable conditions" in the commercial property sector, which are attracting investment from overseas. This is the opinion of Andrew Teacher, media manag...
RBS has four and a half years to run on its current lease and pays a rent of £260,000 a year. The Howard Group launched a five-year strategic plan in January which focuses on repositioning the comp...
Providers of commercial mortgages now have a "slightly more lenient attitude" toward portfolio investors, it has been claimed. Simon Rubinsohn, chief economist at the Royal Institution of Chartered...
Commercial mortgage holders could see an improvement in their earnings later in the year, as one expert expects rental values to rise. Kelvin Davidson, property economist at Capital Economics, told...
Providers of commercial mortgages now have a "slightly more lenient attitude" toward portfolio investors, it has been claimed. Simon Rubinsohn, chief economist at the Royal Institution of Chartered...
The number of people applying for business mortgages in Edinburgh could be set to rise as the capital looks to explore new ways of funding commercial property ventures. According to the Financial ...
Independent financial advisors (IFAs) may be more likely to suggest investment to commercial mortgage holders than residential portfolio owners, new figures have indicated. According to a survey co...
Essential Land teams up with Ritblats, Holley and Blake for schemes worth £300m Jamie Ritblat’s Delancey and two top former UK agents have separately teamed up with Essential Land to buy two Thames...
The UK's commercial mortgage market looks to be showing signs of growth, if new figures are anything to go by. According to recent research by the Investment Property Databank, commercial property ...
A lack of supply is pushing rents higher, bringing about a revival in the lettings market, according to the latest RICS Lettings Survey. The net balance of chartered surveyors reporting rising rat...
Commercial mortgage holders may see a rise in the amount their property is worth in the next year, according to predictions by property investment company Great Portland Estates. The firm has repor...
A fifth of all UK real estate debt is in default or in breach of its terms as the banking industry seeks to overcome its profligate lending past. De Montfort University’s annual bank lending repo...
There are reasons to be cheerful, argues Dean Jones, head of paaleads.com It’s been almost two months since the former Chancellor, Mr Darling, doubled the threshold for stamp duty for first-time b...
Fixed charge receivers have been appointed to a Milton Keynes-based residential development, Platinum Homes. Matt Cowlishaw and David Langton of Deloitte were appointed on 11 May. The scheme...
US commercial real estate has delivered its first positive quarterly return in 18 months. Investment Property Databank’s US Quarterly Property Index shows the total return in the first quarter wa...
Urban Splash is cranking up its residential development programme once again after receiving a government-financed cash injection of nearly £40m on three of its key schemes. The Manchester-based ...
Commercial mortgages for professional premises incorporate a number of diverse businesses including accountants, general practitioners, veterinary surgeries, solicitors, dentists and more. We’ve fu...
Those looking for a business mortgage might be interested to know that there was an increase in commercial property activity in April, according to the latest Purchasing Managers' Index from the Chart...
Take-up of industrial and distribution warehouse units is up almost 70% on 2009 levels, according to research by Jones Lang LaSalle. Take-up of units over 100,000 sq ft reached 4.3m sq ft in 2010...
There may be a rise in property developers borrowing through commercial property mortgages as the upswing in the market continues, according to the latest Global Commercial Property Survey conducted b...
Small businesses are showing a continuing reluctance to approach banks for loans and credit. In a survey of over 1,400 members of the Federation of Small Businesses (FSB), only 18 per cent said the...
Commercial mortgage borrowing from banks fell by 5.7 per cent in March, according to British Banking Association (BBA) statistics, while the other mortgage borrowing increased. Low interest rates h...
E.ON has reached an agreement with developer Miller Birch to relocate to a new 105,000 sq ft office building in a major occupational deal for Nottingham. The energy company will relocate staff c...
Countryside Properties has won detailed consent for the first phase of housing on the green belt at Glebe Farm, south of Cambridge, in what will become one of the city’s key development sites. Th...
28% of landlords polled by LSL Property Services (which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains) intended to expand their portfolio in the nex...
Commercial mortgage news - Deka is poised to buy Drapers Gardens in the City of London as investors pore over £3.3bn of properties up for sale across the Square Mile. The German fund manager is t...
Gallagher Developments is in talks with JP Morgan Asset Management to sell its £118m retail park in one of the biggest retail park sales in four years. Gallagher, a long term investor and develop...
The flow of net lending to UK businesses remained negative in February, though less so than in January, according to the Bank of England. Spreads over reference rates on new lending to medium and ...
Banks and other financial institutions face paying two new taxes to fund future bail-outs, the BBC has learned. Business editor Robert Peston said the global proposals by the International Monetary...
Menswear fashion retailer Envy Retail Limited has been placed into administration. Administrators from Leonard Curtis have been appointed on the business. Envy, based in west London, had 21 ...
Having spoken to a top investor, top developer and top adviser this week I have to confess it is. There are several reasons, some more important than others. First, of course, the election and t...
Mitsubishi Estate Company has put its Bow Bells House scheme up for sale for more than £140m in the latest raft of property assets to be brought to the market in the City of London. Mitsubishi E...
Property company re-enters development fray by buying Baker Street site from McAleer & Rushe British Land is planning a £100m scheme at a key development site in London’s West End after buying it...
JP Morgan Chase has reported better-than-expected first quarter profits of $3.3bn (£2.1bn), boosting bank stocks. The Wall Street firm's net income was up 55% compared with a year ago, and unchange...
The property market has bounced back after its dip at the start of 2010. In March the number of people trying to sell their homes hit its highest level since May 2007, the Royal Institution of Char...
It has been a tough couple of years for people trying to earn a living in the property market. The slump in home sales that followed the onset of the credit crunch and the recession led to widespre...
Rental prices for offices and other business real estate are set to rise over the next two years, something that could increase demand for commercial property mortgages. According to executive dire...
Commercial property mortgage applications could increase in light of new figures suggesting supply of such premises is in a better position than it was during the last downturn in the sector. Don J...
Business mortgage holders who have large tax debts might be interested in new regulations from HM Revenue & Customs (HMRC). The Business Payment Support Service (BPSS) allows firms to reschedule ce...
The Irish government will inject another 8.3bn euros (£7.4bn, $9.9bn) into the nationalised Anglo Irish Bank, it has been announced. Irish Finance Minister Brian Lenihan said pumping in more money ...
Business mortgage holders who lease retail units should allow their tenants to pay rent in monthly instalments. This is according to spokesperson for the British Retail Consortium Richard Dodd, who...
A "radical" reform of the UK banking system is needed to prevent taxpayers from picking up the bill for future bail-outs, MPs have said. The Treasury Committee said that the public would not stand ...
Roll up, roll up. Although Chancellor Alistair Darling vowed to resist giveaways, with the election train rolling into town, this year’s budget has promised a stash of sweeteners for the beleaguered U...
Commercial mortgage holders should check the security of their businesses after a number of buildings were broken into. "Simple steps" could protect commercial premises from burglars, the BBC quote...
By David Doyle The Budget will be a missed opportunity to win the support of the property industry, Lambert Smith Hampton's Ezra Nahome said today. Nahome, chief executive at the consultancy,...
Business mortgage holders who have property that is not very energy efficient may consider making green improvements to the buildings. This is according to director of the National Home Improvement...
Tory plans to introduce a bank levy without international support pose "a hell of a risk" to City jobs, Chancellor Alistair Darling has said. David Cameron has vowed to press ahead with the tax - w...
Duncan Bannatyne has added fuel to the non-dom debate after accusing fellow Dragon's Den judge James Caan of having an "unfair" advantage in business. Mr Caan is a non-dom, and as such pays taxes o...
Commercial mortgage holders may be interested in findings from the Low Carbon Construction Innovation and Growth Team (IGT), which could affect how properties are built in the future. According to ...
Business mortgage holders who own commercial property may consider obtaining energy performance certificates (EPCs). According to a monthly index by NES and Building.co.uk, 39 per cent of commercia...
More investors could be seeking commercial mortgages, according to a survey claiming that many people plan to purchase commercial property in the UK. Over 90 per cent of real estate investors said ...
Commercial mortgage holders whose businesses are in debt may be behind a warning from the Financial Services Authority (FSA) that there could be a "meltdown". The annual overview of financial risks...
Further stress-testing of UK banks will take place to ensure they can survive a 'double-dip' recession, the Financial Services Authority (FSA) has said. The regulator said new tests would assess ba...
Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, according to new research. Fraud losses on UK credit and debit cards totalled £440m in 2009 - a d...
Further rises in house prices may be held back by more properties coming onto the market, surveyors have said. The Royal Institution of Chartered Surveyors (Rics) says new instructions outpaced enq...
Commercial mortgage holders could see benefits from planning system reforms to be made by the government. Planning minister John Healey announced today (March 5th) that the measures are hoped to dr...
Business mortgage holders may be pleased to hear that consumer confidence is returning to the market. According to Nationwide's Consumer Confidence Index, there was a six point rise last month. ...
Commercial mortgage holders may be interested in claims that retail property rents are unlikely to be changed this year. GVA Grimley, an advisory agency, made the predictions following reports from...
Figures revealing a sharp drop in mortgage approvals in January have confirmed that the UK housing market made a slow start to the year. The Bank of England said that the number of home loans appro...
In a 25-year career of taking an unhealthily close interest in banks, I have very rarely encountered results as appallingly bad as those published by Lloyds this morning. The bank says the loss wa...
Commercial mortgage holders may be interested in the results of the Transparency in Professional Fees report, published by the Royal Institution of Chartered Surveyors. Both the National Associatio...
Commercial mortgage holders are being warned to purchase adequate insurance during a time when there are many empty retail outlets. Aviva is advising that crime and malicious damage are both major ...
A Goldman Sachs boss has defended the bank's 2001 debt-swap deal with Greece that may have allowed the country to mask the extent of its debt woes. Gerald Corrigan, chairman of Goldman Sachs Bank U...
Business mortgage holders may be interested in the Office Market Conditions Across the UK report by Jones Lang LaSalle. According to the report, office rents outside of the capital are predicted to...
Commercial mortgage holders may be interested in claims from chief executive of the Olympic Park Legacy Company Andrew Altman. Mr Altman said he is keen to see the buildings constructed for the Lon...
Buy to let commercial mortgage holders may be interested in claims that some of London's Regent Street outlets could see new investors. Chief executive of Crown Estate, which has owned many of the ...
Commercial mortgage holders may have purchased bargain properties during the January big freeze. This is according to the National Association of Estate Agents (NAEA), which said that there number ...
Commercial mortgage customers may be interested in predictions regarding consumer confidence. According to the director general of the British Retail Consortium (BRC) Stephen Robertson, confidence ...
Commercial mortgages for professional premises incorporate a number of diverse businesses including accountants, general practitioners, veterinary surgeries, solicitors, dentists and more. We’ve fu...
Royal Bank of Scotland and Lloyds Banking Group have been criticised by a committee of MPs for failing to lend enough to homeowners and businesses. The Committee of Public Accounts said the two par...
There has been an increasing trend in the last decade for care and nursing homes to be run independently by private individuals and small limited companies, whilst the majority remain under large corp...
The Bank of England has decided against further quantitative easing (QE), the policy designed to stimulate growth in the UK economy. Under QE, the Bank has pumped new money into the economy by buyi...
Commercial mortgage holders could be affected after it was predicted that there would be a "double-digit rental growth" in 2010. At Knight Frank's Central London office market breakfast, the proper...
Commercial mortgage holders and investors are looking to London as the place to spend their money, a report has revealed. PricewaterhouseCoopers (PwC) and Urban Land Institute carried out the rese...
The average house price is expected to climb from £167,000 to £178,000, an increase of 6.5 per cent, predicts the Centre for Economics and Business Research. This increase is far larger than the t...
Commercial mortgage holders could see improvements in the market as the UK retail industry emerges from the recession. This follows claims from the chief executive officer of TD Waterhouse Angus Ri...
Measures to prevent taxpayers from ever having to bail out banks again have been discussed at a meeting chaired by the City Minister, Lord Myners. The peer met officials from financial institutions...
Commercial mortgage holders may be seen more life in the market as the UK exits the recession. This is the view of the Guardian, which today took a look at the winners and losers of the economic do...
Commercial mortgage owners who rent property in central London may be interested in claims that 2009 was an "exceptional" year for the industry. Head of central London investment team at Cushman & ...
Commercial mortgage customers may be interested in plans to provide more than 500,000 square feet of office and retail space in London. Land Securities will begin a development programme in the Wes...
Commercial mortgage holders looking for office space may like to know that Manchester's The Hive development has welcomed another tenant. The Studio, an event specialist currently based in Birmingh...
A US-style levy on British banks part-owned by the taxpayer has been ruled out by Chancellor Alistair Darling. President Barack Obama is to hit the largest US banks with a 0.15% charge on liabiliti...
Commercial mortgage holders may be interested in the case of a commercial landlord who issued a seven-figure bill to a council for repairs to his building. The offices in Bournemouth were reported ...
Commercial mortgage clients may be interested in reports of a project which will create 400,000 sq ft of office space in the capital. The "cutting-edge" office complex will be built at Cannon Stree...
Those looking for commercial mortgages may be affected by claims that the markets across Europe "will remain soft" for the next two to five years. Property consultancy group King Sturge yesterday (...
Commercial real estate and office spaces are among the plans for industrial wasteland site Battersea Power Station in London. Reuters reported that the area is subject to various planning applicati...
Whilst 2009 packed enough volatility and uncertainty into the commercial property market to last us at least another ten years, pundits are already queuing up to try and pinpoint how the peaks and tro...
The commercial mortgages market is in recovery, according to analysis from moneysupermarket.com. It was found that the market as a whole has improved since reaching a low in August this year. Si...
Banks may start selling commercial property as they panic about potential losses, the Guardian states. In a Bank of England report it was noted that commercial property prices had fallen by 50 per ...
More people may default on commercial property mortgages and loans, reaching a peak in 2010, according to Fitch. The Telegraph reported that the international bank rating agency predicts further di...
Chancellor Alistair Darling's pre-Budget report (PBR) earlier this week may well have an affect on those with commercial mortgages. During his Wednesday speech, Mr Darling announced empty commercia...
Commercial mortgage holders could increasingly consider sustainability in their sector as it recovers from the economic slump in the months to come. According to Clive Bull, partner of real estate ...
The Bank of England is expected to announce no change in policy when it reveals the outcome of its most recent meeting later. The Bank is likely to hold interest rates at 0.5% and leave its £200bn ...
The commercial property market will be "volatile" in the coming months, according to the head of property equities at Henderson Global Investors and chair of investment expert Reita. Patrick Sumner...
British banking chiefs have reacted angrily to news the Treasury is drawing up plans for a one-year windfall tax on bonuses paid to some UK-based bankers. A scheme could be unveiled in Alistair Dar...
Retail warehouse parks, prime shopping centres and modern central London offices could prove to be attractive investments for commercial mortgage holders. Patrick Sumner, head of property equities ...
UK house prices have risen for the seventh consecutive month, helped by better-than-expected news from the job market, the Nationwide has said. The building society said that the average home incre...
Higher commercial mortgage take-up for distressed property could be a feature of the business bricks and mortar market in the coming months. Dan Fasulo, managing director at global research and con...
Worries over Dubai's debt problems have driven Asian share prices down sharply. The move by state-owned Dubai World to delay paying some of its debt shook the markets in Europe on Thursday and thos...
Taking out a commercial mortgage now could be "a very sound investment" for a number of people, it has been suggested. According to British Property Federation media manager Andrew Teacher, the ris...
The Supreme Court will hand down a judgement on Wednesday that could lead to billions of pounds being refunded to millions of bank customers. Lord Phillips will reveal the Court's decision on an ap...
Institutions are keen to write cheques to the commercial property industry - which may involve taking out business mortgages - because they see such a move as a "very strong and sturdy investment". ...
The recession has become the catalyst for a new era in business, according to a report by the CBI. The study by the employers' group identifies four key areas of UK business where new ways of worki...
Some 12 per cent of firms increased their occupied space during the same six-month period and the survey suggested that the leisure, property and retail sectors might be among the most likely to take ...
The City is awaiting the latest rules to affect the banking industry, to be unveiled in the Queen's Speech. The speech later will include the long-awaited Financial Services Bill. The bill is l...
Banks should pay a new 10% tax on their profits in return for the support they received from the taxpayer, according to the Liberal Democrats. Treasury spokesman Vince Cable told the BBC that banks...
The UK's economy is "on the road to recovery", according to Hetal Mehta, senior economic advisor to the Ernst & Young ITEM Club. She said that "there is little doubt" that improvements in the natio...
Firms holding a commercial mortgage may benefit from a new system from the Royal Institution of Chartered Surveyors (Rics). The new Ska Rating assesses the environmental impact of office fit-outs a...
Lloyds Banking Group is to cut 5,000 more jobs by the end of next year as it continues to reduce overlap following its merger with HBOS last year. Some of these cuts are temporary staff, but Lloyds...
A study shows that almost half of small businesses have maintained their profitability. This follows recent criticism by Lord Sugar, the government's enterprise champion, who described struggling s...
Borrowers in the UK such as commercial mortgage holders yesterday (November 5th) learned that interest rates will remain the same for the next month. The Bank of England's monetary policy committee...
Those with commercial mortgages may wish to undertake repairs on the buildings they own ahead of the winter period. William Davies, managing director of property maintenance firm Aspect Maintenance...
Alistair Darling has welcomed the announcements that Royal Bank of Scotland (RBS) and Lloyds Banking Group are to sell off hundreds of branches. The chancellor said the sales, which had been demand...
Maintenance of commercial property is not currently the primary concern for those with commercial mortgages, it would seem. According to NB Real Estate's analysis of Office for National Statistics ...
A big shake-up of UK banks with taxpayer support will be unveiled on Tuesday, the BBC understands. Announcements on the future of Lloyds and Royal Bank of Scotland will be made jointly by the banks...
UK house prices were higher year-on-year in October - the first annual rise for 19 months, the Nationwide has said. Property prices were 2% higher in October than in the same month the previous yea...
Excess stock in the secondary commercial property market means that demand among investors is "predominantly for prime" bricks and mortar, according to the director of policy at the British Property F...
Mortgage lending increased by £3 billion between August and September of this year, bringing figures for house purchase activity back to the levels not seen since the final quarter (Q4) of 2007. Th...
Those with commercial mortgages in London may be among the investors witnessing a stabilisation in rent levels recently. According to Clive Bull, head of central London investment at Cushman & Wake...
It has been suggested that "the principal recipient" of recent good commercial property news is the city of London. Clive Bull, head of central London investment at real estate advisor Cushman & Wa...
Firms in the US which received billions of dollars of government aid in the financial crisis are to be told to cut the pay of top executives, reports say. The seven companies that received the most...
There are a number of ways the London Assembly is planning to keep London an attractive city for those with business mortgages and other commercial arrangements. Darren Johnson, chair of the organi...
Those looking to invest in commercial property have been advised to carefully consider their options before making the plunge. According to Andrew Pitts of Money Observer magazine, there are numero...
Royal Bank of Scotland (RBS) is battling to attract more small business customers as it comes under pressure to hit Treasury lending targets.This may prove of interest to those business clients lookin...
The number of top lenders that are willing to offer the necessary business mortgage finance for commercial property deals has almost doubled, new research reveals. Savills estate agency indicated t...
UK interest rates will stay low for years amid tax rises and spending cuts, according to an economic forecast. This will be of interest to our commercial mortgage customers. The Centre for Economic...
Grey, concrete, 16-storey Thames Tower is typical of the newly-built or renovated apartment blocks thrown up across cities in the UK in recent years. It dominates the skyline on the northern tip of...
Those considering taking out commercial mortgages may be interested to hear the comments made at a recent commercial property event in Cardiff. BNP Paribas Real Estate head of research Keith Steven...
The entire banking industry "owes the real world an apology", the chairman of HSBC has said. Stephen Green told BBC World Business Report that a change in culture was needed to improve the public's...
A number of high-profile investors are considering putting their money into commercial property again, which may convince others to take out business mortgages. The Times reports that interest in t...
UK house prices have now recovered to the same level as a year ago, according to the latest Nationwide figures. The average price of a home last month was equal to September 2008, it said. The ...
The French bank BNP Paribas has announced that it is to repay the emergency funding it received from the government earlier than expected. The French state bought 5.1bn euros ($7.5bn; £4.7bn) in no...
The City of London office market probably turned a corner in the second quarter of this year in terms of leasing, according to director of research at Savills Mat Oakley. He claimed that the West E...
Chancellor of the Exchequer Alistair Darling has warned bankers that the party is over and they must realise that the world has changed. He made the comments in a BBC interview before leaving for t...
The improvement in the commercial property market is expected to be "fairly gradual" in the coming months, according to the Royal Institution of Chartered Surveyors. Its chief economist Simon Rubin...
The price of commercial property has increased for the first time in over two years, new figures have shown. A study by the Investment Property Databank (IPD) revealed that capital growth in the c...
Whether it is homeowners seeking a mortgage to buy a house or business bosses looking for commercial mortgages, it would seem that it is important to get some advice on the subject. Catherine Hearn...
Those with commercial mortgages will have seen the Bank of England's monetary policy committee (MPC) hold interest rates at 0.5 per cent today, but there are apparently still a number of financial res...
The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. "The crisis will happen again but it will be different," he told BBC Two's The Love of ...
Business mortgages could soon be in higher demand as reports suggest that the commercial property market is taking a turn for the better. The Investment Property Databank Monthly Index is showing s...
Finance officials from the Group of 20 richest nations are set to outline a commitment to boosting the global economy when they meet in London later. They are gathering as friction mounts over when...
Landlords have been boosted by suggestions that the long-term future of the property market will be positive for them. Mark Garner, managing director at LettingZone, explained that a low interest ...
Now is "as good a time as any" to establish a new business, according to a spokesperson for workplace solutions provider Regus. Starting a company may require an entrepreneur undertaking research t...
Written by Jeni Browne Commercial mortgage holders looking to offload property may have a famous buyer heading on to the market. Gerald Ronson, who was convicted for his part in the Guinness sha...
Written by Gavin Elley As the value of some prime commercial properties begins to stabilise, some firms are looking "to get in on the act", according to the manager of the Scottish Widows Investmen...
There are some sure signs that the commercial property market in the UK is nearing the bottom of its downturn, according to Oliver Gilmartin, senior economist at the Royal Institution of Chartered Sur...
The's UK public sector net borrowing totalled £8bn last month, the first July deficit for 13 years, official figures have shown. The figure was much worse than the £500m deficit expected by analyst...
CB Richard Ellis (CBRE) Research and Consulting has released a report that will have implications for those with commercial mortgages. Its Global MarketView analyses the latest global economic and ...
Japan has come out of recession after its economy grew by 0.9% in the April-to-June quarter. The growth comes after four consecutive quarters of contraction. Correspondents say that the rise is...
There is now less of a "fast-buck" attitude among commercial property mortgage holders than before, it has been noted. According to property consultancy Lambert Smith Hampton (LSH), long-term strat...
Landlords and the National Union of Students (NUS) have rejected government proposals to limit house-sharing. The government may give councils the power to limit the number of houses in multiple oc...
The signs are clear that the UK is set to pull out of recession in the coming months, it has been suggested. According to Michael Baxter, economist at financial data research firm Defaqto, recent C...
The commercial property sector is continuing to "firm", according to analysis from BDO Stoy Hayward. Figures from the accountancy firm show that June saw an increase in commercial property transact...
The UK's largest building society believes there is a "reasonable chance" that house prices could end the year higher than they started 2009. Such an outcome was "unthinkable" a few months ago, the...
The UK operations of Spanish banking group Santander - which includes Abbey and Alliance & Leicester - saw revenues up 20% in the first six months of 2009. Santander said a growing range of investm...
In a statement that will be of interest to UK business and those with commercial mortgages, the UK's banks have insisted that lending to small firms is continuing to rise, as they prepare to meet the ...
The pace of tenant demand declines has slowed, according to new figures which hint at a turnaround in commercial property occupancy. Figures from the RICS Commercial Property survey show that the p...
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Commercial property values may continue to fall for the next 12 months, according to property economist Kelvin Davidson. Mr Davidson, of Capital Economics, stated that while some yields on prime pr...
The fact some banks are starting to lend for private finance initiative (PFI) projects again is "good news", according to the chief economist at the Royal Institution of Chartered Surveyors (Rics). ...
LLOYDS Banking Group is set to reveal up to £13 billion of write offs on bad debts when it publishes results for the first six months of the year. The part-nationalised group is expected to take the ...
The Nationwide Building Society has introduced a mortgage allowing borrowers to take loans worth 125% of the value of the home they are buying. It will only be available to existing customers in ne...
Central London office take-up has improved during the last quarter and has been described as "fairly substantial in the city". That is the view of James Roberts, who is head of research in the regi...
An increase in enquiries related to commercial finance products has been noted by independent buy to let mortgages and commercial mortgages expert Mortgages for Business. Michael Aglony, marketing ...
It would be "disastrous" for bankers if they returned to their old ways and repeated past mistakes, Chancellor Alistair Darling has warned. As reports suggest a return of the City bonus culture, Mr...
The Institution of Commercial & Business Agents (ICBA) has called on the government to make clear the rules regarding Energy Performance Certificates (EPCs) and commercial property. It would seem t...
There are signs that the financial services sector is emerging from the worst of the downturn, a quarterly survey from the CBI suggests. The UK's finance services sector could be on a "gradual" roa...
There are "many more people" than in previous years who are seeing opportunities to start up their own business, according to national enterprise network the NFEA. The group has claimed that this a...
FSA chief proposes a tax on size to stop institutions becoming 'too big to fail' By Sean O'Grady, Economics Editor Financial institutions in the City of London are in danger of reverting to t...
The future of overdraft fees paid by millions of customers could be decided after an appeal in the House of Lords this week, starting on Tuesday. Five Law Lords will hear an appeal by the UK's main...
UK firms have been told that the government is taking action to ensure they stay in business. New housing and planning minister John Healey addressed delegates at the Chartered Institute of Housing...
The governor of the Bank of England has called for greater powers to allow it to fulfil its new role of promoting financial stability. In a major speech in London, Mervyn King said the Bank could n...
The Chancellor will warn that national regulators also need to keep their own house in order rather than look to new European Union and worldwide watchdogs to monitor their behaviour. This will be of ...
The Bank of Japan (BOJ) has said the Japanese economy has begun to stop deteriorating, but it has still kept interest rates unchanged at 0.1%. The assessment was more optimistic than at last month'...
The commercial property market in the north-east of Scotland is holding up "remarkably well", according to managing director of building and property consultant FG Burnett. Angus MacCuish said this...
Rising interest from potential buyers coupled with falling numbers of sellers is stabilising UK house prices, according to surveyors, which may also interest those with commercial mortgages or buy to ...
Landlord website Smartlandlord.co.uk has revealed that now could be an ideal time for buy to let investors to purchase property. With property prices supposedly bottoming out - research from financ...
The Australian economy has unexpectedly avoided falling into recession after its economy grew by 0.4% in the first three months of 2009. Increased exports and consumer spending helped the economy t...
Businesses should not be focusing on "what ifs" when it comes to organising office space and commercial property, according to one expert. Speaking at a GVA Grimley/Confederation of British Industr...
House prices rose 1.2% in May on April, offering evidence of activity in the UK housing market, according to figures from the Nationwide building society. The annual rate of house price falls eased...
The UK commercial property market is getting closer to the bottom in terms of prices, according to one expert. Christopher Bell, managing director of the European region at Knight Frank, said that ...
The number of loans handed out for house purchases in the UK rose sharply in March, lenders say. Some 31,000 home loans were granted by lenders, up 29% on February but still 33% down compared with ...
The chief economist of the Royal Institution of Chartered Surveyors (Rics) has not ruled out house price rises in the near future. Many observers suggest that there is still some time for the price...
Small to medium-sized enterprises (SMEs) face an uncertain time in the current economic climate, according to market research agency Continental Research. Perhaps indicating the importance for firm...
In addition to a recent rebranding exercise, Yorkshire Tourist Board has changed offices. Having no doubt considered the implications regarding commercial mortgages, the newly-named Welcome to York...
As much as I hate gazumping and I would never play that game it is good to see it is back. This is where someone accepts a higher bid just before completion in an attempt to extract more money...
Britain's banks may be forced to stockpile extra capital so they can weather future economic downturns. Financial Services Authority chairman Lord Turner said in a speech in New York that he belie...
The UK manufacturing sector and exports in particular could help to drive the recovery in the UK economy, according to consultancy group Deloitte. Manufacturing could take up the slack from a down...
Small companies have been encouraged to take advantage of government and bank support that has been unveiled to help them survive the economic slowdown. Employment minister Tony McNulty gave the ad...
The government must lower business rates in order to help companies survive, it has been claimed, something that may affect those with commercial mortgages. Richard Dodds, head of media and campaig...
Interest from home-buyers is starting to gain "real momentum", although sales remain low, UK surveyors say. New enquiries in the housing market increased for the fifth consecutive month, the Royal...
The Bank of England has kept interest rates on hold at 0.5%, in a widely expected move following a number of rate cuts in recent months. This will certainly interest those with commercial mortgages. ...
The importance of financial advice being available to small and medium-sized enterprises has been outlined by an industry spokesperson. John Wright, national chairman of the Federation of Small Bus...
The flow of credit to small businesses was boosted during February, a new report has revealed. Figures unveiled by the British Bankers' Association (BBA) have shown that in the month, lending to sm...
Commercial landlords need to "balance" the needs of tenants with their own issues, it has been claimed. It comes following a call from the British Retail Consortium (BRC) for business premises owne...
House prices rose in March for the first time since October 2007, according to the Nationwide. The building society said that property prices increased by 0.9% compared with the previous month. ...
A Scottish-led consortium was interested in a merger with the troubled Dunfermline Building Society, BBC Scotland has learned. The Dunfermline was taken over by the Nationwide on Monday after the ...
Small firm owners must ensure they have a "solid" business proposal in place before approaching banks for finance, such as commercial mortgages, it has been suggested. George Derbyshire, the chief ...
One of the measures of UK inflation is expected to fall below zero - a sign of falling prices - when figures are released later. Economists expect the Retail Prices Index (RPI), which includes hou...
The majority of small business owners feel that inflation will decrease or flatten out over the coming year, a new survey has revealed. Research carried out by the Bank of Scotland has found that 6...
The US Federal Reserve says it will buy almost $1.2 trillion (£843bn) worth of debt to help boost lending and promote economic recovery. It said it would start buying long-term government debt and...
Barclays has revealed that it has been in talks with the Treasury about participating in the government's asset protection scheme in order to raise more capital. Such a move could see the bank obli...
The head of the US central bank, Ben Bernanke, has said he expects America's recession to end this year. "This decline will begin to moderate and we'll begin to see a levelling off," the Federal R...
Banks should give local branches more power to make decisions on whether to lend to small enterprises, it has been suggested. The recommendation was included in a code of practice put forward by th...
The start of the year saw a rise in the amount of credit being supplied to small businesses, new figures have revealed. A British Bankers' Association (BBA) report has shown that in January, the le...
The Bank of England is to create £75bn of new money in an attempt to revive lending and the battered economy, and may assist those with commercial mortgages. Bank Governor Mervyn King said the pol...
The majority of economists in a new poll have predicted that another base rate cut will unveiled next week by the Bank of England, something that could help lower the cost of commercial mortgages. ...
Alliance & Leicester Commercial Bank has revealed that it intends to boost its lending to small businesses in 2009. Managing director Steve Pateman said that the move comes following a "record year...
An industry insider has claimed that UK banks are "willing and able" to supply finance to smaller firms, such as loans or commercial mortgages. Lenders are "working closely" with customers to assis...
It is important that businesses have access to various forms of finance in order to survive the economic downturn, it has been claimed. Stephen Sklaroff, director general of the Finance & Leasing A...
The Financial Services Authority (FSA), the City watchdog, has said it raised concerns about the way HBOS was being run as far back as 2002. It said it looked at the risks both before and after se...
HSBC has revealed that the "vast majority" of its small and medium-sized