Pubs
Pubs, contributors to communities, are still closing their doors at an average rate of 39 per week; over 2,000 each year. However, bucking this trend is a new source of funding for pub purchase or refinance for the smaller Independent. With the Budget looming and therefore the obligatory rising duty and taxes, we hope that this news “hits the parts others can`t reach”
Surveyors
Allied Surveyors Plc, one of the UK`s best known firms of Surveyors, has ceased trading. However, with an agreed Management Buy-Out, the restructuring is currently being coordinated. The Residential and Commercial arms are being kept apart, and Allied (Scotland) will continue to reflect the different processes created by the Home Report, now in place in Scotland.
Rates
We are still pleased to say that, although finance is constantly fluctuating, up to 100% Business finance remains available for Purchase or Remortgage of Pharmacies, Surgeries, Opticians, Vets, Care and Nursing Homes. Residential 90% loan-to-value funding is available for mortgages and 90% LTV for personal loans including debt and credit card consolidation.
Claims Management
A major UK Claims Management Firm is being investigated by The Ministry of Justice, although no specific details are available as these could jeopardise the progress and outcome of their investigation. For a fee, the company offers to review customer credit card, and similar, accounts to establish whether the credit agreements are enforceable by the provider.
Estate Agents
The Office of Fair Trading has recommended that the Government considers imposing new rules regarding fees received by Estate Agents for referring buyers to providers of ancillary services such as mortgage advice. “The OFT believes this could cause an Estate Agent to favour one buyer over another, to the seller`s disadvantage”. Here at SUF we have been saying this for nearly two decades, and firmly hold the opinion that any, and every, sales process within the home purchase/remortgage arena should be regulated by one consistent source, the FSA.
(Image and Article credit: Copyright SUF)
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