How It Works – HMO Property

A house in multiple occupation (HMO) is, in simple terms, a property rented out to at least 3 people who are not from one ‘household’ (a single household with members of the same family), but share facilities like the bathroom and kitchen. It’s sometimes called a `house share’. Gov.UK   A HMO is considered small [...]
Business Finance Junction – February 2015

Business Finance Junction – February 2015

Kung Hei Fat Choy! With its meaning of good things, the year of the goat/sheep, is upon us. Apparently, the tax system is costing businesses up to £10Bn in hidden costs each year, with SME’s bearing the brunt.  Research from the Association of Accounting Technicians of 500 businesses found SMEs spending around £9.9Bn compared to [...]
Business Finance Junction – February 2015

Business Finance Junction – December 2014

The Bank of England stress test results on the British banking system are being issued December 16, alongside its half-yearly financial stability report. The tests focus on the housing market and the Bank’s ‘adverse scenario’ which has a correction factored in. Tenancy checks for private landlords in the West Midlands are liable for a ‘Civil [...]
Business Finance Junction – February 2015

Business Finance Junction – October 2014

It’s anticipated that sometime during October the Government-run British Business Bank will unveil its first deal with a lender.  The scheme offers to share the risk of certain losses on a portfolio of new loans made to small and medium-size businesses. In effect the smaller banks (i.e. challenger banks) could be enabled to lend more [...]