Manufacturing output fell slightly in the quarter to February, but at a more modest rate than in the first lockdown last Spring, according to the latest CBI Industrial Trends Survey. The survey of 296 manufacturers also found that output increased in 11 of the 17 sub-sectors. However, growth in these sub-sectors was outweighed by sharp […]
Aspen Bridging has completed its first deal on its new 2021 ratecard, and in the process helped a developer complete an imminent stage payment on a second site before it fell through. Taking just 10 days from application to completion, the client required a £1.16m Development Exit facility secured against three newbuild detached homes in […]
The National Landlord Index published by Accommodation.co.uk, has uncovered that the vast majority of landlords will continue to focus on urban rather than rural property investments in 2021 even after the pandemic saw many renters leaving cities for larger rural properties. The majority of UK landlords still see property as a buoyant sector and a […]
February data indicated only a fractional decline in UK private sector output, which contrasted with the sharp reduction seen at the start of the national lockdown in January. This largely reflected a near-stabilisation in service activity during the latest survey period. Manufacturing production continued to expand in February, but the rate of growth was only […]
Recovering from the far reaching effects of the pandemic will be no easy feat. With the government’s roadmap out of lockdown expected next week – which should provide clarity on reopening retail, something that must happen as soon it’s safe to do so – there is more optimism about the immediate future. Longer term, the […]
Specialist business property adviser, Christie & Co, has brought to market The Woodspring in Weston-super-Mare, a former pub with planning permission for a 100-place day nursery. This sale presents an exciting opportunity for a new owner to acquire a large blank canvas day nursery property with lots of development potential. The building already has a suitable […]
New research from flatshare site SpareRoom has revealed London appears to be losing its appeal among renters, with rental demand dramatically plummeting in all areas of the city. West Central has experienced the biggest decrease year on year (YOY) down -43%, closely followed by East Central (-39%) and West London (-26%). Even the most popular London postcode […]
Specialist lender Together has added its bridging products to Legal & General’s digital criteria service designed to improve the process of brokers finding finance for their clients. The lender’s regulated and unregulated short-term loans have been included in Legal & General’s SmartrCriteria tool, a user-friendly platform which helps brokers quickly establish which lenders would consider […]
The two owners of leading steel fabrications business, Fabrikat, the UK’s leading independent designer and fabricator of lighting columns and guardrails, recently sold the business to a management buy-out (MBO) team in a deal funded by Duke Royalty Limited. Sutton-in-Ashfield based Fabrikat (Nottingham) Limited was formed in 1985 and has grown to become one of […]
The volume of government loans granted to help SMEs through the Covid-19 crisis will be having a potentially devastating impact on the availability of ‘traditional’ lending, causing alarm in the broker community. New research from Allica Bank suggests that SMEs could be starved of funding to fuel future growth because lending capacity has all […]
