Commercial Reporter

The firm has developed a new strategic finance proposition which will see them targeting larger businesses looking for bespoke funding solutions. @pulsecashflow commercialreporter.co.uk/commercial-new…

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 commercialreporter.co.uk/commercial-new…

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 commercialreporter.co.uk/commercial-new…

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. commercialreporter.co.uk/commercial-new…

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 commercialreporter.co.uk/commercial-new…

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 bit.ly/45CW9OU

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. bit.ly/44InVrX

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 commercialreporter.co.uk/commercial-new…

Despite the expected increase in applications, brokers do not anticipate that the SME lending market will recover to pre-pandemic levels. @iwoca commercialreporter.co.uk/commercial-new…

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 commercialreporter.co.uk/commercial-new…

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 commercialreporter.co.uk/commercial-new…

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. commercialreporter.co.uk/commercial-new…

Cynergy Bank has secured a £20 million Tier 2 capital facility from British Business Investments. @CynergyBank commercialreporter.co.uk/commercial-new…

Avamore Capital has expanded its lending appetite and will now support transactions in the student accommodation sector across the UK. @AvamoreCapital commercialreporter.co.uk/commercial-new…

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. commercialreporter.co.uk/commercial-new…

One Stop Business Finance has continued its partnership with Shawbrook through a new increased facility. @OneStopNonstop commercialreporter.co.uk/commercial-new…

The snapshot of all current commercial market conditions reveals that there are roughly 9,000 units for sale across in England. @SiriusGroupUK commercialreporter.co.uk/commercial-new…

The new two-year fixed rate starts at 6.69% for complex buy-to-let and 7.24% for commercial. @ShawbrookBroker commercialreporter.co.uk/commercial-new…

YBS Commercial Mortgages has appointed Hoson Chung as a relationship director for its Midlands team. @Yorkshire_BS commercialreporter.co.uk/commercial-new…

Time Finance has appointed Morgan Lee as a broker manager in its asset finance team, overseeing the North West and Midlands regions. @time_finance commercialreporter.co.uk/commercial-new…