From our experience at London Credit, we believe that the property investment market is still buoyant. With new home purchases relatively low, the private rented sector is standing firm.
Business owners will time and time again state that certainty is a key consideration. What they don’t want are constant changes in regulation or tax regimes amongst other things.
I often feel that financial services are a sector that suffers from an overuse of abbreviations and acronyms more than most. For example, I’ve already used three TLAs (three-letter acronyms) this morning – LTV, OMV, ICR – and it’s not even 9 am.
Looking back on the year, it’s hard to avoid the conclusion that things are tougher all around for everyone. The most recent Bank of England Monetary Policy Committee meeting saw yet another hike in rates, this time to 3.0%.
When you’re in the middle of a crisis, it’s sometimes hard to imagine that it will ever end. However, all things do pass, and it’s well worth reminding oneself of this sentiment, especially when in the midst of political and economic turmoil, such as we face today.
While borrowers understandably regard rate as one of the most important factors when looking for a bridging lender, brokers know how critical service is having a satisfied customer.
While the cliché about the British and their fixation with queuing may have some merit, it would be wrong to assume that this means they love to wait. No one likes for things to take longer than they have to and that certainly applies to the property market.
