Independent Financial Life Planners Bishop's Stortford: Business mortgages

Thursday, 1 December 2016

Business mortgages

Enable’s experienced IFA’s in Bishops Stortford help many individuals with their personal financial planning and many clients also manage small or medium sized businesses that sometimes form part of the plan. It is interesting to note that recently business mortgage enquiries for SMEs more than doubled on the same period from last year, according to data form the National Association of Commercial Finance Brokers (NACFB).

This increase in commercial mortgage enquiries follows the NACFB’s annual results which revealed that £5.2 billion of commercial mortgage business was written in the year ending 30th June 2016, up by more than half (55 per cent) on the previous year. Many of the applicants they say came from a range of businesses such as restaurants, bars and other consumer-facing enterprises, that could be seen as a renewed vote of confidence for the high street, inevitably London powered the growth with nearly two thirds of enquiries (64 per cent) coming from the capital.

Paul Goodman, chairman of the NACFB says that appetite for commercial mortgage finance is a good indicator of small business confidence as it shows firms are confident enough to commit to the long term. ‘Last month we saw a huge uplift in enquiries from a variety of businesses – ranging from publicans and smaller retailers to hairdressers and restaurants – so it’s starting to feel like the SME community has got over any Brexit-related nerves,’ he adds. ‘While some of those businesses will also be looking to avoid steep commercial rents, especially in the capital, the confidence to take out a commercial mortgage bodes well for the future.’

Your home may be repossessed if you do not keep up repayments on your mortgage.

http://smallbusiness.co.uk/smes-unprepared-brexit-turbulence-2535512/

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.