Commercial Reporter

Commercial Reporter provides industry-relevant news to the commercial financial services industry. 01253 272998 - [email protected]

[Commercial Reporter @Commercial_Rep]

The firm has developed a new strategic finance proposition which will see them targeting larger businesses looking for bespoke funding solutions. @pulsecashflow https://t.co/YkROXVNel9

[Commercial Reporter @Commercial_Rep]

New lending via asset financing has increased by 9.7% annually, totalling £31bn, with the service and construction industries driving this growth to the greatest extent. @SiriusGroupUK https://t.co/NJnw0Qaa17

[Commercial Reporter @Commercial_Rep]

TAB has today launched its first commercial mortgage product. The new product prioritises sustainability and has built-in strong ESG criteria to reward those who make improvements with an exit discount. @tabldn https://t.co/O6QkFwxEpn

[Commercial Reporter @Commercial_Rep]

New SME lender, Alba Bank, has appointed Robert Sharpe and Andrew Lewis to the key roles of chair of the board and chief risk officer as it gears up for launch. https://t.co/GGY3WBopJE

[Commercial Reporter @Commercial_Rep]

YBS Commercial Mortgages is reducing the rate on its semi-commercial products, designed specifically for part-residential, part-commercial assets which are rented out as investments. @Yorkshire_BS https://t.co/dPgFqtbhQX

[Commercial Reporter @Commercial_Rep]

The think tank said debt taken on during the pandemic, higher borrowing costs and the cost of living crisis would drive an increasing number of businesses under, particularly in the retail and hospitality sectors. @Cebr_uk https://t.co/AbC5dTp9hf

[Commercial Reporter @Commercial_Rep]

In written evidence submitted to the Treasury Select Committee, the BCC said many smaller firms are no longer seeking finance as they consider it too limited and costly. https://t.co/ImGsdSkI4i

[Commercial Reporter @Commercial_Rep]

The product offers a loan term of up to 24 months, with the option to extend for a further year, and also mitigates the need for a stress test, typically required by buy-to-let products. @AvamoreCapital https://t.co/6DJ7C9N68a

[Commercial Reporter @Commercial_Rep]

Despite the expected increase in applications, brokers do not anticipate that the SME lending market will recover to pre-pandemic levels. @iwoca https://t.co/e6SiGV4w4b

[Commercial Reporter @Commercial_Rep]

The expansion allows Atom Bank broadened access to new areas of the UK market through a key distribution partner with an origination team covering the whole nation. @assetzcapital https://t.co/aC0WtBqFPq

[Commercial Reporter @Commercial_Rep]

Funds raised from the facility will enable Cambridge & Counties Bank to increase its volume of lending to smaller businesses over and above levels it might have otherwise been able to provide. @ccbankltd https://t.co/rU98mYiDjA

[Commercial Reporter @Commercial_Rep]

In the capital, 64% of SMEs are turning to technology investments to increase productivity, compared to 45% UK-wide, and 43% are doing so to future-proof their company. https://t.co/DiWpaR1XPy

[Commercial Reporter @Commercial_Rep]

Cynergy Bank has secured a £20 million Tier 2 capital facility from British Business Investments. @CynergyBank https://t.co/u4VdkVS6Rf

[Commercial Reporter @Commercial_Rep]

Avamore Capital has expanded its lending appetite and will now support transactions in the student accommodation sector across the UK. @AvamoreCapital https://t.co/7Q5aYfjcfd

[Commercial Reporter @Commercial_Rep]

The UK’s commercial construction market is forecast to grow by 2.8% by the end of 2023, reaching total market revenue of £19.21 billion for the year. https://t.co/PptjFP4WoL

[Commercial Reporter @Commercial_Rep]

One Stop Business Finance has continued its partnership with Shawbrook through a new increased facility. @OneStopNonstop https://t.co/5YeKFi4CEL

[Commercial Reporter @Commercial_Rep]

The snapshot of all current commercial market conditions reveals that there are roughly 9,000 units for sale across in England. @SiriusGroupUK https://t.co/1FHmAAk0tK

[Commercial Reporter @Commercial_Rep]

The new two-year fixed rate starts at 6.69% for complex buy-to-let and 7.24% for commercial. @ShawbrookBroker https://t.co/eWuPgshALK

[Commercial Reporter @Commercial_Rep]

YBS Commercial Mortgages has appointed Hoson Chung as a relationship director for its Midlands team. @Yorkshire_BS https://t.co/J2BSUUImIv

[Commercial Reporter @Commercial_Rep]

Time Finance has appointed Morgan Lee as a broker manager in its asset finance team, overseeing the North West and Midlands regions. @time_finance https://t.co/yEZHWLA8oI