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www.globalassetfinance.comAnonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-9181466196030687050.post-9234388810503020642016-05-19T03:45:00.001-07:002016-05-19T03:45:22.059-07:00Global Asset Finance Limited<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/D-Vx0-aALTk" width="480"></iframe>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-36799849097699159022015-01-14T04:35:00.001-08:002015-01-14T04:35:14.453-08:00UK Prime Minister: General Election Key For UK’s Economy<p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The Prime Minister has warned <a title="How to grow your business" href="http://www.globalassetfinance.com/docs/about/growing_your_business.shtml" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px;">trade finance</a> services that the UK will face economic chaos if it changes economic policy in May.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">David Cameron’s warning was laid out in his New Year message, ahead of the general election in May this year. Mr Cameron said the UK’s New Year resolution should be to “stick to the plan” to ensure prosperity, <a title="the full story" href="http://www.bbc.co.uk/news/uk-politics-30645707" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;">the BBC reports</a>.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">“2015 can promise to be a great year for our country – if we make the right choices together,” he said.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Supporting Labour would take the country backwards and jeopardise the recovery, he stated at the beginning of the year. The prime minister claimed the difficult decisions taken since 2010 were beginning to pay off for the UK public. “The global economy remains uncertain, and many countries continue to struggle,” he observed. “And against that backdrop, Britain has a choice: between the competence that has got us this far or the chaos of giving it up, going backwards and taking huge risks.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">“So I say this should be our resolution: to stick to the plan, stay on course to prosperity, and keep doing the important, long-term work of securing a better future. Economic success so far had been due to the Conservative party’s “long term plan with some clear values at its heart”.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">He was joined in his discussion of the UK’s economic situation by party leaders Ed Millband and Nick Clegg, who also made economic promises in their New Year messages.</span></p><div class="yarpp-related" style="padding: 0px; border: 0px; vertical-align: baseline; margin: 1em 0px !important;"><h3 style="border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; margin: 0px !important; padding: 0px 0px 5px !important;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Related Posts:</span></h3><ol style="margin: 0px 0px 20px 30px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; list-style-position: initial; list-style-image: initial;"><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/trade-finance-north-west/" rel="bookmark" title="Govt’s Economic Plan For The North-West Revealed" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">Govt’s Economic Plan For The North-West Revealed </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/improved-supply-chains-to-inject-30bn-into-uk-economy/" rel="bookmark" title="Improved Supply Chains To Inject £30bn Into UK Economy?" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">Improved Supply Chains To Inject £30bn Into UK Economy? </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/trade-finance/" rel="bookmark" title="UK Private Sector Businesses ‘At All Time High’" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">UK Private Sector Businesses ‘At All Time High’ </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/cheap-borrowing-fuels-consumer-credit-boom/" rel="bookmark" title="Cheap Borrowing Fuels Consumer Credit Boom" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; font-weight: bold !important; text-decoration: none !important; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">Cheap Borrowing Fuels Consumer Credit Boom</font></a></li></ol></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-42576908962798248942015-01-13T12:59:00.001-08:002015-01-13T12:59:52.844-08:00UK Government Economic Plan For The North-West Revealed<div><a title="Assets we finance" href="http://www.globalassetfinance.com/docs/about/assets_we_finance.shtml" target="_blank" style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif; margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; text-decoration: none; outline: 0px;">Trade finance</a><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;"> could be more forthcoming for businesses in the north-west of the UK following the government’s announcement that more jobs, investment in science and improvements in transport lie at the heart of the economic plan for the region.</span></div><div><div class="post-excerpt" style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline;"><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The <a title="See more here" href="https://www.gov.uk/government/news/long-term-economic-plan-for-the-north-west-set-out-by-prime-minister-and-chancellor" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;">six-point plan</a> includes increasing the long-term growth rate of the area to at least that of the rest of the UK through the establishment of a northern powerhouse with the potential to generate an £18 billion real terms increase in the economy by 2030.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">It also intends to make the region a global centre for scientific innovation, focusing on energy, supercomputing, biomedicine and material science, while working to raise employment rates to that of the average in the UK. This will be done through support of the private sector and backing investment in businesses and new start-ups.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">David Cameron said: “When you get [a] critical mass of people – it amplifies jobs and ideas and businesses. The cities and towns of the north of England can have that critical mass. If we back their scientists and innovators, if we back their thriving cultural life … and give them powerful elected voices, then we can create a northern powerhouse.”</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">This comes as the Confederation of British Industry revealed that economic growth in the UK steadied in the three months to December, although the pace did remain above average and it is now expected that it will increase in speed over the next three-month period. This could have a positive effect on those businesses looking at funding avenues for expansion this year.</span></p><div class="yarpp-related" style="padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; margin: 1em 0px !important;"><h3 style="border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; margin: 0px !important; padding: 0px 0px 5px !important;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Related Posts:</span></h3><ol style="margin: 0px 0px 20px 30px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; list-style-position: initial; list-style-image: initial;"><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/invoice-finance-services/" rel="bookmark" title="Why are more established businesses choosing to use invoice finance?" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">Why are more established businesses choosing to use invoice finance? </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/improved-supply-chains-to-inject-30bn-into-uk-economy/" rel="bookmark" title="Improved Supply Chains To Inject £30bn Into UK Economy?" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">Improved Supply Chains To Inject £30bn Into UK Economy? </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/trade-finance/" rel="bookmark" title="UK Private Sector Businesses ‘At All Time High’" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">UK Private Sector Businesses ‘At All Time High’ </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/cheap-borrowing-fuels-consumer-credit-boom/" rel="bookmark" title="Cheap Borrowing Fuels Consumer Credit Boom" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">Cheap Borrowing Fuels Consumer Credit Boom </font></a></li></ol></div></div><div class="post-tags clearfix" style="margin: 30px 0px 0px; padding: 0px; border: 0px; font-family: arial, Arial, Helvetica, sans-serif; font-size: 13px; line-height: 22px; vertical-align: baseline; zoom: 1; color: rgb(68, 68, 68); -webkit-text-size-adjust: auto;"></div></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-69897410157431796352015-01-04T09:11:00.001-08:002015-01-04T09:11:33.741-08:00Bank of England Trends in Lending October 2014<div>Trends in Lending </div><div><br></div><div>B A N K O F E N G L A N D </div><div> </div><div>Trends in Lending </div><div> </div><div>October 2014 </div><div> </div><div>This quarterly publication presents the Bank of England’s assessment of the latest trends in </div><div> </div><div>lending to the UK economy. </div><div> </div><div>It draws mainly on long-established official data sources, such </div><div> </div><div>as the existing monetary and other financial statistics collected by the Bank that cover all </div><div> </div><div>monetary financial institutions, and data collections established since the start of the financial </div><div> </div><div>These data are supplemented by discussions between the major UK lenders and Bank staff, </div><div> </div><div>giving staff a better understanding of the business developments driving the figures, and this </div><div> </div><div>intelligence is reflected in the report. </div><div> </div><div>The major </div><div> </div><div>UK lenders </div><div> </div><div>are Banco Santander, </div><div> </div><div>Barclays, </div><div> </div><div>HSBC, Lloyds Banking Group, Nationwide and Royal Bank of Scotland and together they </div><div> </div><div>accounted for around 70% of the stock of lending to businesses, 75% of the stock of mortgage </div><div> </div><div>lending, and 50% of the stock of consumer credit (excluding student loans) at end-June 2014. </div><div> </div><div>The report also draws on intelligence gathered by the Bank’s network of Agents and from </div><div> </div><div>market contacts, as well as the results of other surveys including the Bank of England’s </div><div> </div><div>Bank Liabilities Survey and Credit Conditions Survey. </div><div> </div><div>The focus of the report is on lending, but </div><div> </div><div>broader credit market developments, such as those relating to capital market issuance, are </div><div> </div><div>discussed where relevant. </div><div> </div><div>The report covers data and intelligence gathered up to end-September 2014. Unless stated </div><div> </div><div>otherwise, the data reported cover lending in both sterling and foreign currency, expressed </div><div> </div><div>in sterling. </div><div> </div><div>See www.bankofengland.co.uk/statistics/Documents/releasecalendar.pdf for future publication dates. </div><div> </div><div>(2) For a fuller background, please refer to the first edition of Trends in Lending available at </div><div> </div><div>www.bankofengland.co.uk/publications/other/monetary/trendsapril09.pdf. </div><div> </div><div>(3) Membership of the group of major UK lenders is based on the provision of credit to UK-resident companies and individuals, regardless </div><div> </div><div>of the country of ownership. </div><div> </div><div>(4) The Bank Liabilities Survey and the Credit Conditions Survey for 2014 Q3 were conducted between 13 August and 8 September. </div><div> </div><div><br></div><div>Contents </div><div> </div><div> Executive summary 3 </div><div> </div><div>1 Lending to UK businesses and individuals 4 </div><div> </div><div>2 Loan pricing 7 </div><div> </div><div>3 Credit supply and demand 10 </div><div> </div><div>Box An update to estimates of external finance for UK businesses 12 </div><div> </div><div>Glossary and other information 16 </div><div> </div><div><br></div><div> Executive summary 3 </div><div> </div><div>Executive summary </div><div> </div><div>Over the past six months, the monthly net lending flow to UK businesses has been volatile on a month-to-month basis but, on </div><div> </div><div>average, was broadly close to zero. Mortgage approvals by all UK-resident mortgage lenders for house purchase picked up in June, </div><div> </div><div>before easing back slightly in August. The average monthly net lending flow by UK-resident mortgage lenders was £2.3 billion </div><div> </div><div>in the three months to August, broadly unchanged compared to the previous three months. The annual growth rate in the stock </div><div> </div><div>of consumer credit picked up slightly to 6.1% in August. </div><div> </div><div>Pricing on lending to small and medium-sized enterprises continued to drift down over the past year, according to some </div><div> </div><div>measures. Quoted interest rates on some fixed-rate mortgages at 75% loan to value ratio fell in September. Quoted rates on </div><div> </div><div>some personal loans fell by around 80 basis points since the start of the year. </div><div> </div><div>Contacts of the Bank’s network of Agents noted that credit conditions had remained easy for large corporates and availability </div><div> </div><div>had remained reasonable for many small and medium-sized enterprises. Respondents to the Bank of England’s Credit Conditions </div><div> </div><div>Survey expected demand for bank lending from corporates to increase in 2014 Q4, particularly from medium-sized companies. </div><div> </div><div>Lenders in the survey reported that the availability and demand for secured credit from households fell significantly in Q3. </div><div> </div><div><br></div><div>4 Trends in Lending October 2014 </div><div> </div><div>1 Lending to UK businesses and </div><div> </div><div>individuals </div><div> </div><div>Over the past six months, the monthly net lending flow to UK businesses has been volatile on a </div><div> </div><div>month-to-month basis but, on average, was broadly close to zero. Mortgage approvals by all </div><div> </div><div>UK-resident mortgage lenders for house purchase picked up in June, before easing back slightly </div><div> </div><div>in August. The average monthly net lending flow by UK-resident mortgage lenders was £2.3 billion </div><div> </div><div>in the three months to August, broadly unchanged compared to the previous three months. The </div><div> </div><div>annual growth rate in the stock of consumer credit picked up slightly to 6.1% in August. </div><div> </div><div>currency lending) </div><div> </div><div>This section presents a summary of the recent data on lending </div><div>to UK businesses and individuals. The twelve-month growth </div><div> </div><div>rate in the stock of loans to UK-resident households and </div><div> </div><div>businesses was broadly unchanged at around 1.7% over the </div><div> </div><div>three months to August. </div><div> </div><div>Lending to UK businesses </div><div> </div><div>Data covering lending by all UK-resident banks and building </div><div> </div><div>societies indicated that over the past six months, the monthly </div><div> </div><div>net lending flow to UK businesses has been volatile on a </div><div> </div><div>month-to-month basis but, on average, was broadly close to </div><div> </div><div>zero. This was in both the all currency loans measure and the </div><div> </div><div>sterling lending measure (PNFC M4Lx), consisting of sterling </div><div> </div><div>loans — included in the all currency measure — and MFIs’ </div><div> </div><div>holdings of securities. </div><div> </div><div>A large part of the movement in </div><div> </div><div>(M4Lx measure) </div><div> </div><div>PNFCs’ M4Lx reflected changes in MFIs’ holdings of securities </div><div> </div><div>issued by PNFCs. </div><div> </div><div>The twelve-month rate of growth in these measures of the </div><div> </div><div>stock of lending to PNFCs was negative in August though less </div><div> </div><div>so than at the start of the year (Tables 1.A and 1.B). Similarly, </div><div> </div><div>the rate of contraction in the aggregate stock of lending to </div><div> </div><div>UK non-financial businesses also eased over this period </div><div> </div><div>(Chart 1.1). </div><div> </div><div>Much of the weakness in lending to businesses reflects a </div><div> </div><div>contraction in lending to the real estate sector (Chart 1.1), </div><div> </div><div>which accounts for around 30% of the stock of loans. </div><div> </div><div>In recent months, this was partly offset by positive </div><div> </div><div>contributions to the aggregate growth rate in the stock of </div><div> </div><div>lending from industrial sectors other than the real estate </div><div> </div><div>sector. These include the distribution, professional and other </div><div> </div><div>services, and manufacturing sectors. </div><div> </div><div>For further details on the definitions of these measures of lending to UK businesses </div><div> </div><div>see Bankstats (Monetary and Financial Statistics), August 2014, ‘Measures of lending to </div><div> </div><div>UK businesses’, available at </div><div> </div><div>www.bankofengland.co.uk/statistics/Documents/ms/articles/art1sep14.pdf. </div><div> </div><div>For more details see the box on ‘Trends in lending and capital market issuance, by </div><div> </div><div>major industrial sector’ in July 2014 Trends in Lending, available at </div><div> </div><div>www.bankofengland.co.uk/publications/Documents/other/monetary/trendsjuly14.pdf. </div><div> </div><div><br></div><div> Section 1 Lending to UK businesses and individuals 5 </div><div> </div><div>Chart 1.1 </div><div> </div><div>Lending to the UK real estate sector and </div><div> </div><div>other businesses </div><div> </div><div>Percentage changes on a year earlier </div><div> </div><div>Other businesses </div><div> </div><div>All non-financial </div><div> </div><div>(a) Lending by UK MFIs. Rates of growth in the stock of lending. Non seasonally adjusted. For </div><div> </div><div>details on the series included in the swathes see tab ‘Chart 1.1 appendix’, available at </div><div> </div><div>www.bankofengland.co.uk/publications/Documents/other/monetary/lendingtoukbusinesses </div><div> </div><div>andindividualsoctober2014.xls. </div><div> </div><div>(b) From January 2011, data are on the SIC 2007 basis. Changes in the SIC codes have led to </div><div> </div><div>some components moving between industries. As a result, growth rates in 2011 may be </div><div> </div><div>Chart 1.2 </div><div> </div><div>Estimates of new syndicated lending facilities </div><div> </div><div>granted to UK businesses </div><div> </div><div>Sources: Dealogic and Bank calculations. </div><div> </div><div>(a) Defined broadly as PNFCs. New syndicated lending facilities excluding cancelled or </div><div> </div><div>withdrawn facilities by UK-resident and non-resident lenders. Data are quarterly and cover </div><div> </div><div>lending facilities in both sterling and foreign currency, expressed in sterling. Non seasonally </div><div> </div><div>Chart 1.3 </div><div> </div><div>Approvals of loans secured on dwellings </div><div> </div><div>House purchase </div><div> </div><div>(a) Data are for monthly number of approvals covering sterling lending by UK MFIs and other </div><div> </div><div>lenders to UK individuals. Approvals secured on dwellings are measured net of cancellations. </div><div> </div><div>Seasonally adjusted. </div><div> </div><div><br></div><div>6 Trends in Lending October 2014 </div><div> </div><div>Chart 1.4 </div><div> </div><div>Gross lending secured on dwellings </div><div> </div><div>August. In recent discussions, most of the major UK lenders </div><div>reported that operational issues associated with the </div><div> </div><div>Total gross secured lending </div><div> </div><div>implementation of the Mortgage Market Review had pushed </div><div>down on approvals over the summer, but had now largely </div><div> </div><div>dissipated. </div><div> </div><div>Total gross secured lending in the three months to August </div><div> </div><div>increased compared to the previous period. In forecasts </div><div> </div><div>published in July 2014, the Council of Mortgage Lenders </div><div> </div><div>(CML) expected gross secured lending by all UK-resident </div><div> </div><div>mortgage lenders in 2014 to be 18% higher than in 2013 and </div><div> </div><div>for lending in 2015 to be 6% higher than in 2014 (Chart 1.4). </div><div> </div><div>The average monthly net lending flow by UK-resident </div><div> </div><div>Sources: CML, Bank of England and Bank calculations. </div><div> </div><div>mortgage lenders was £2.3 billion in the three months to </div><div> </div><div>(a) Total gross lending secured on dwellings. Data cover sterling lending by UK MFIs and other </div><div> </div><div>August (Table 1.C), broadly unchanged compared to the </div><div> </div><div>lenders to UK individuals. Non seasonally adjusted. </div><div>(b) The bar for 2014 comprises the CML forecast for the year with data up to August. </div><div> </div><div>previous three months. The annual rate of growth in the </div><div> </div><div>(c) CML forecasts for 2014 and 2015 published in July 2014. </div><div> </div><div>stock of secured lending to individuals rose slightly to 1.7% </div><div> </div><div>in August. </div><div> </div><div>Consumer credit </div><div> </div><div>Total net consumer credit flows (excluding student loans) </div><div> </div><div>were £2.7 billion in the three months to August, similar to the </div><div> </div><div>flows in the previous period. Within this, the net flow of other </div><div> </div><div>unsecured lending was more than double that for credit cards. </div><div> </div><div>The annual growth rate in the stock of consumer credit picked </div><div> </div><div>up slightly to 6.1% in August (Chart 1.5) though remained </div><div> </div><div>below pre-crisis levels. Within this, the annual growth rate in </div><div> </div><div>the stock of other unsecured lending continued to increase, </div><div> </div><div>reaching 6.8% in August. </div><div> </div><div>Chart 1.5 </div><div> </div><div>Consumer credit </div><div> </div><div>Percentage changes on a year earlier </div><div> </div><div>Total consumer credit </div><div> </div><div>Other unsecured loans </div><div> </div><div>(a) Sterling lending by UK MFIs and other lenders to UK individuals. Consumer credit consists of </div><div> </div><div>credit card lending and other unsecured lending (other loans and advances) and excludes </div><div> </div><div>student loans. Seasonally adjusted. </div><div> </div><div><br></div><div> Section 2 </div><div> </div><div>Loan pricing 7 </div><div> </div><div>2 Loan pricing </div><div> </div><div>Pricing on lending to small and medium-sized enterprises continued to drift down over the past </div><div> </div><div>year, according to some measures. Quoted interest rates on some fixed-rate mortgages at 75% </div><div> </div><div>loan to value ratio fell in September. Quoted rates on some personal loans fell by around </div><div> </div><div>80 basis points since the start of the year. </div><div> </div><div>Chart 2.1 Indicative long-term funding spreads </div><div>Percentage points </div><div> </div><div>This section discusses recent developments in loan pricing for </div><div>businesses and individuals, based on statistical data, survey </div><div>evidence and discussions with the major UK lenders. </div><div> </div><div>Senior unsecured </div><div> </div><div>The total cost of bank finance to a company or individual can </div><div> </div><div>Spread on five-year </div><div> </div><div>Spread on three-year </div><div> </div><div>generally be decomposed into the fees charged by the lender </div><div> </div><div>to provide loan facilities, the spread over a given reference rate </div><div> </div><div>(such as three-month Libor or Bank Rate) at which loans are </div><div> </div><div>offered, and the prevailing level of that reference rate in the </div><div> </div><div>financial markets. </div><div> </div><div>An indicative measure of the spread over relevant swap rates </div><div> </div><div>on longer-term bank wholesale debt, secondary market bond </div><div> </div><div>spreads, was on average slightly lower in 2014 Q3 than in the </div><div> </div><div>previous quarter (Chart 2.1). The average of the major </div><div> </div><div>Sources: Bloomberg, Markit Group Limited, Bank of England and Bank calculations. </div><div> </div><div>UK lenders’ five-year credit default swap premia — a proxy for </div><div> </div><div>(a) All data are to 30 September 2014. </div><div> </div><div>the credit risk component of bank funding costs — was also </div><div> </div><div>(b) Constant-maturity unweighted average of secondary market spreads to mid-swaps for the </div><div>major UK lenders’ five-year euro senior unsecured bonds, where available. Where a five-year </div><div> </div><div>slightly lower. Respondents to the Bank of England’s 2014 Q3 </div><div> </div><div>bond is unavailable, a proxy has been constructed based on the nearest maturity of bond </div><div>available for a given institution. The gap in the time series between 1 December 2009 and </div><div> </div><div>Bank Liabilities Survey reported a fall in spreads on ‘other’ </div><div> </div><div>11 January 2010 is because no suitable bonds were in issuance in that period. </div><div>(c) Spreads for sterling fixed-rate retail bonds over equivalent-maturity swaps. Bond rates are </div><div> </div><div>funding (which includes short and long-term wholesale debt </div><div> </div><div>end-month rates and swap rates are monthly averages of daily rates. The bond rates are </div><div>weighted averages of rates advertised by the banks and building societies in the </div><div> </div><div>funding) compared to the previous quarter (Chart 2.2). </div><div> </div><div>Bank of England’s quoted rate sample, for products meeting the selection criteria (see </div><div> </div><div>www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/household_int.aspx). The series </div><div> </div><div>for the five-year bond is not included for May 2010 and August 2011 to April 2013 as fewer </div><div>than three institutions in the sample offered products in these periods. </div><div> </div><div>The swap rate, the fixed rate of interest in a swap contract in </div><div> </div><div>(d) The data show an unweighted average of the five-year senior CDS premia for the major </div><div>UK lenders, which provides an indicator of the spread on euro-denominated long-term </div><div> </div><div>which floating-rate interest payments are exchanged for </div><div> </div><div>wholesale bonds. </div><div>(e) Constant-maturity unweighted average of secondary market spreads to mid-swaps for the </div><div> </div><div>fixed-rate interest payments, is a key factor in the setting of </div><div> </div><div>major UK lenders’ five-year euro-denominated covered bonds, where available. Where a </div><div>five-year covered bond is unavailable, a proxy has been constructed based on the nearest </div><div> </div><div>retail and fixed mortgage rates. Two and three-year swap </div><div> </div><div>maturity of bond available for a given institution. </div><div> </div><div>rates rose slightly in the first part of 2014 Q3 before falling </div><div> </div><div>back in August (Chart 2.3). More generally, swap rates in </div><div> </div><div>September were lower than those in July. </div><div> </div><div>Spreads over equivalent-maturity swap rates on three-year </div><div> </div><div>retail bonds were broadly flat in 2014 Q3 compared to the </div><div> </div><div>previous quarter (Chart 2.1). Respondents to the Bank </div><div> </div><div>Liabilities Survey reported that overall retail funding spreads </div><div> </div><div>fell in 2014 Q3 (Chart 2.2). Looking forward, some major </div><div> </div><div>UK lenders expected retail deposit rates to remain at around </div><div> </div><div>current levels in the coming months. </div><div> </div><div>Corporate loan pricing </div><div> </div><div>The spread over relevant reference rates that SMEs face on </div><div> </div><div>new borrowing can vary widely, taking into account various </div><div> </div><div><br></div><div>8 Trends in Lending October 2014 </div><div> </div><div>Chart 2.2 Bank Liabilities Survey: funding spreads </div><div>Net percentage balances </div><div> </div><div>business-specific risk and credit quality factors. As a result </div><div>there is no single definitive measure of loan pricing: statistical </div><div> </div><div>and survey data can provide broad estimates, but these may </div><div> </div><div>not entirely reflect the true cost of credit faced by SMEs. </div><div> </div><div>Pricing on lending to SMEs has continued to drift down, </div><div> </div><div>according to some measures. Indicative median interest rates </div><div> </div><div>(Chart 2.4) and spreads on new variable-rate facilities to all </div><div> </div><div>small and medium-sized enterprises fell by around 10 basis </div><div> </div><div>points over the past year, according to survey data from the </div><div> </div><div>Department for Business, Innovation and Skills (BIS). The </div><div> </div><div>Federation of Small Businesses’ Voice of Small Business Index </div><div> </div><div>2014 Q3 reported that 45% of firms that were approved a </div><div> </div><div>(a) Net percentage balances are calculated by weighting together the responses of those lenders </div><div> </div><div>loan were offered an interest rate of 4% or less, compared to a </div><div> </div><div>who answered the question. The bars show the responses over the previous three months. </div><div>The diamonds show the expectations over the next three months. Expectations balances </div><div> </div><div>little over 30% of firms a year ago. The Bank’s measure of </div><div> </div><div>have been moved forward one quarter. Where the Bank Liabilities Survey and </div><div>Credit Conditions Survey are discussed, descriptions of a ‘significant’ change refer to a net </div><div> </div><div>effective rates on new corporate lending for advances of </div><div> </div><div>percentage balance greater than 20 in absolute terms, and a ‘slight’ change refers to a net </div><div>percentage balance of between 5 and 10 in absolute terms. </div><div> </div><div>£1 million or less — an indicator of pricing on loans to smaller </div><div> </div><div>(b) Question: ‘How has the average cost of funding changed?’. A positive balance indicates an </div><div>increase in funding spreads. </div><div> </div><div>businesses — fell in the year to August 2014 (Chart 2.4). </div><div> </div><div>Chart 2.3 </div><div> </div><div>Swap rates at different maturities </div><div> </div><div>Spreads over reference rates on new lending to small </div><div> </div><div>businesses remained unchanged in 2014 Q3 according to </div><div> </div><div>lenders in the Bank of England’s Credit Conditions Survey </div><div> </div><div>(Chart 2.5). Respondents continued to report that for </div><div> </div><div>medium-sized firms they had fallen significantly. </div><div> </div><div>Pricing on lending to large companies remained </div><div> </div><div>favourable, according to survey evidence. The balance of </div><div> </div><div>respondents to the Deloitte CFO Survey — which covers large </div><div> </div><div>companies — reporting the cost of credit to be ‘cheap’ </div><div> </div><div>increased slightly in 2014 Q3 to its highest level since the </div><div> </div><div>survey began in 2007 Q3. Respondents to the 2014 Q3 Credit </div><div> </div><div>Conditions Survey reported that spreads on new lending to </div><div> </div><div>Sources: Bloomberg and Bank calculations. </div><div> </div><div>large businesses fell significantly (Chart 2.5). Lenders in the </div><div> </div><div>(a) Sterling swap rates. Swap rates are monthly averages of daily data. Data are to </div><div>end-September 2014. </div><div> </div><div>survey noted that non-price terms (the average of balances for </div><div> </div><div>Chart 2.4 Indicative interest rates on lending to SMEs </div><div> </div><div>maximum credit lines, fees and commissions and loan </div><div>covenants) had loosened significantly for these corporates. </div><div> </div><div>In recent discussions, the major UK lenders reported that </div><div> </div><div>intense competition was leading to further downward pressure </div><div> </div><div>on price and non-price terms for large businesses. </div><div> </div><div>Looking forward, respondents to the Credit Conditions Survey </div><div> </div><div>expected spreads on new business lending in 2014 Q4 to fall </div><div> </div><div>significantly for both medium-sized and large companies and </div><div> </div><div> £1 million or less </div><div> </div><div>for spreads for small businesses to be unchanged (Chart 2.5). </div><div> </div><div>Mortgage pricing </div><div> </div><div>The proportion of new mortgage business at fixed rates </div><div> </div><div>increased over the past few years from 64% in 2012 to 88% </div><div> </div><div>Sources: BIS, Bank of England and Bank calculations. </div><div> </div><div>in 2014 Q2. As more new business secured on dwellings was </div><div> </div><div>(a) These indicative rates do not reflect the impact of cashback deals or fees. Data for Bank Rate are </div><div>to end-September and for all other series to end-August. Non seasonally adjusted. </div><div> </div><div>undertaken at fixed rates, the share of fixed-rate products in </div><div> </div><div>(b) Median by value of SME facilities (new loans, new and renewed overdrafts) priced at margins over </div><div>base rates, by four major UK lenders (Barclays, HSBC, Lloyds Banking Group and Royal Bank of </div><div> </div><div>the stock of mortgage lending increased from 29% to 38% </div><div> </div><div>Scotland). Data cover lending in both sterling and foreign currency, expressed in sterling. </div><div>(c) Smaller SMEs are businesses with annual debit account turnover on the main business account less </div><div> </div><div>over the same period. </div><div> </div><div>(d) Medium SMEs are businesses with annual debit account turnover on the main business account </div><div> </div><div>between £1 million and £25 million. </div><div>(e) Weighted average of new lending to PNFCs of all sizes by UK MFIs for advances less than or equal </div><div>to £1 million, an indicator of pricing for small business loans. Data cover lending in sterling. The </div><div> </div><div>For more details see the box on ‘Recent trends in lending to small and medium-sized </div><div>enterprises’ in July 2013 Trends in Lending, available at </div><div> </div><div>Bank’s effective interest rates series are currently compiled using data from 23 UK MFIs. </div><div> </div><div>www.bankofengland.co.uk/publications/Documents/other/monetary/trendsjuly13.pdf. </div><div> </div><div><br></div><div> Section 2 </div><div> </div><div>Loan pricing 9 </div><div> </div><div>Credit Conditions Survey: spreads over </div><div>reference rates on lending to corporates by firm size </div><div> </div><div>The Bank’s measure of the effective rate on new mortgages </div><div>was broadly unchanged over the three months to August. </div><div> </div><div>Net percentage balances </div><div> </div><div>Within this, the effective fixed-rate ticked up. </div><div> </div><div>Small businesses </div><div> </div><div>Medium PNFCs </div><div> </div><div>The quoted interest rates on two and five-year fixed-rate </div><div> </div><div>mortgages at 75% loan to value (LTV) ratio fell by 9 and </div><div> </div><div>15 basis points respectively between end-August and </div><div> </div><div>end-September 2014, having been unchanged in the previous </div><div> </div><div>month (Chart 2.6). With equivalent maturity swap rates </div><div> </div><div>having fallen by a similar amount between July and September </div><div> </div><div>(Chart 2.3), spreads on these 75% LTV ratio products were </div><div> </div><div>little changed. The quoted interest rate on the two-year 90% </div><div> </div><div>LTV ratio product fell by 24 basis points over this period, such </div><div> </div><div>that the spread over the two-year swap rate reduced. In </div><div> </div><div>recent discussions with the major UK lenders, falling swap </div><div> </div><div>(a) See footnote (a) to Chart 2.2. A positive balance indicates that spreads over reference rates </div><div> </div><div>rates and increased competition were both mentioned as </div><div> </div><div>have fallen, such that all else being equal it is cheaper for corporates to borrow. </div><div>(b) Small businesses are defined as those with annual turnover of less than £1 million; </div><div> </div><div>factors contributing to the decline in some mortgage rates </div><div> </div><div>medium-sized corporates are defined as those with annual turnover of between £1 million </div><div>and £25 million; and large corporates are defined as those with annual turnover of over </div><div> </div><div>in September. </div><div> </div><div>Chart 2.6 </div><div> </div><div>Quoted interest rates on fixed-rate and </div><div> </div><div>Quoted interest rates on some floating-rate products, such as </div><div> </div><div>floating-rate mortgages </div><div> </div><div>the standard variable (Chart 2.6) and lifetime tracker rates, </div><div> </div><div>were broadly unchanged over 2014 Q3. With Bank Rate </div><div> </div><div>unchanged, spreads on these floating-rate mortgages were </div><div> </div><div>90% loan to value, </div><div> two-year fixed </div><div> </div><div>95% loan to value, </div><div> two-year fixed </div><div> </div><div>little changed. In some contrast, the two-year 75% variable </div><div>rate fell by 31 basis points in September. </div><div> </div><div>Consumer credit pricing </div><div> </div><div>Quoted rates on some personal loans fell by around </div><div> </div><div>80 basis points since the start of the year (Chart 2.7). </div><div> </div><div>75% loan to value, </div><div> five-year fixed </div><div> </div><div>75% loan to value, </div><div> two-year fixed </div><div> </div><div>Respondents to the 2014 Q3 Credit Conditions Survey </div><div>expected a slight narrowing in spreads on other unsecured </div><div> </div><div>lending in Q4. </div><div> </div><div>The quoted rate on credit cards was little changed in 2014 Q3 </div><div> </div><div>(a) Sterling. The Bank’s quoted interest rates series are currently compiled using data from up </div><div>to 23 UK MFIs. End-month rates. Non seasonally adjusted. </div><div>(b) This series was not available between March and May 2009 as fewer than three products </div><div>were offered in that period. </div><div>(c) This series was not available between May 2008 and September 2013 as fewer than </div><div> </div><div>(Chart 2.7). Respondents to the 2014 Q3 Credit Conditions </div><div>Survey noted that competition in this market continued to be </div><div>centred around the length of balance transfer offers. </div><div> </div><div>three products were offered in that period. </div><div> </div><div>Chart 2.7 Quoted interest rates on consumer credit </div><div> </div><div>Personal loan (£5,000) </div><div> </div><div>Personal loan (£10,000) </div><div> </div><div>(a) Sterling. The Bank’s quoted interest rates series are currently compiled using data from up </div><div> </div><div>to 23 UK MFIs. End-month rates. Non seasonally adjusted. </div><div> </div><div>(b) This series does not include 0% introductory offers on credit cards. </div><div> </div><div><br></div><div>10 Trends in Lending October 2014 </div><div> </div><div>3 Credit supply and demand </div><div> </div><div>Contacts of the Bank’s network of Agents noted that credit conditions had remained easy for large </div><div> </div><div>corporates and availability had remained reasonable for many small and medium-sized enterprises. </div><div> </div><div>Respondents to the Bank of England’s Credit Conditions Survey expected demand for bank lending </div><div> </div><div>from corporates to increase in 2014 Q4, particularly from medium-sized companies. Lenders in the </div><div> </div><div>survey reported that the availability and demand for secured credit from households fell </div><div> </div><div>significantly in Q3. </div><div> </div><div>Credit Conditions Survey: availability and </div><div>demand for credit across firm sizes </div><div> </div><div>The amount of lending and its price depend on the interaction </div><div>of demand and supply factors. Disentangling the separate </div><div> </div><div>influences of changes in the supply of, and demand for, credit </div><div> </div><div>Net percentage balances </div><div> </div><div>is difficult though survey data can help. This section looks at </div><div> </div><div>Small businesses </div><div> </div><div>Medium PNFCs Larg </div><div> </div><div>recent trends in credit supply and demand, drawing on </div><div> </div><div>surveys, reports from the Bank’s network of Agents, and </div><div> </div><div>discussions with the major UK lenders. </div><div> </div><div>Credit conditions for businesses </div><div> </div><div>The overall availability of credit to the corporate sector was </div><div> </div><div>broadly unchanged in 2014 Q3, according to respondents to </div><div> </div><div>the Bank of England’s Credit Conditions Survey. Lenders in the </div><div> </div><div>survey reported that credit availability was unchanged for </div><div> </div><div>medium-sized companies and large corporates (Chart 3.1). </div><div> </div><div>The balance of respondents to the Deloitte CFO Survey </div><div> </div><div>(a) See footnote (a) to Chart 2.2 (for this chart lines rather than bars are used to show the </div><div>responses over the previous three months) and footnote (b) to Chart 2.5. A positive balance </div><div>indicates that more credit is available or an increase in demand. </div><div>(b) Questions on small businesses were introduced in 2009 Q4. </div><div>(c) Questions on the availability of credit to medium and large PNFCs were introduced in </div><div> </div><div>2014 Q3 — which covers large companies — who reported </div><div>that credit was ‘available’ remained close to 80% (Chart 3.2), </div><div>the highest since the survey began in 2007 Q3. </div><div> </div><div>Chart 3.2 </div><div> </div><div>Deloitte CFO Survey: cost and availability of </div><div> </div><div>Credit availability fell slightly for small businesses in 2014 Q3 </div><div>according to respondents to the Credit Conditions Survey </div><div> </div><div>Net percentage balances </div><div> </div><div>(Chart 3.1). The Federation of Small Businesses’ Voice of Small </div><div> </div><div>Business Index 2014 Q3 reported that 52% of small firms in </div><div> </div><div>the survey found that the availability of credit was ‘poor’ or </div><div> </div><div>‘very poor’, down from 75% two years ago, and around half </div><div> </div><div>believed that credit was unaffordable. </div><div> </div><div>Contacts of the Bank’s Agents noted that credit conditions </div><div> </div><div>had remained easy for large corporates. Contacts also </div><div> </div><div>reported that availability had remained reasonable for many </div><div> </div><div>SMEs, apart from very small firms or for those operating in </div><div> </div><div>certain sectors such as housebuilding or hospitality. </div><div> </div><div>Lenders in the Credit Conditions Survey reported that demand </div><div> </div><div>(a) Net percentage balances for the cost of credit are calculated as the percentage of </div><div>respondents reporting that bank credit is ‘costly’ less the percentage reporting that it is </div><div> </div><div>for bank lending from small businesses fell in 2014 Q3 </div><div> </div><div>‘cheap’. Net percentage balances for the availability of credit are calculated as the </div><div>percentage of respondents reporting that credit is ‘available’ less the percentage of </div><div> </div><div>(Chart 3.1). More generally, the proportion of SMEs not </div><div> </div><div>respondents reporting that it is ‘hard to get’. A positive balance indicates that a net balance </div><div>of respondents report that credit is ‘costly’ or credit is ‘available’. </div><div> </div><div>seeking finance (bank loans, overdrafts) in the previous </div><div> </div><div><br></div><div> Section 3 </div><div> </div><div>Credit supply and demand 11 </div><div> </div><div>Credit Conditions Survey: availability of </div><div>secured credit to households </div><div> </div><div>twelve months was 78% in 2014 Q2 and similar to the previous </div><div>quarter, according to the SME Finance Monitor. </div><div> </div><div>Net percentage balances </div><div>Availability to borrowers with </div><div> more than 75% LTV ratio </div><div> </div><div>Respondents to the 2014 Q3 Credit Conditions Survey reported </div><div>that demand for bank lending increased significantly from </div><div> </div><div>medium-sized companies and also increased from large </div><div> </div><div>corporates (Chart 3.1). In recent discussions, most major </div><div> </div><div>UK lenders noted that demand for credit from large corporates </div><div> </div><div>was largely for refinancing purposes to secure lower rates. </div><div> </div><div>Looking forward, lenders in the Credit Conditions Survey </div><div> </div><div>expected overall credit availability to remain unchanged in </div><div> </div><div>2014 Q4. Respondents to the survey expected demand for </div><div> </div><div>bank lending from corporates to increase in Q4, particularly </div><div> </div><div>from medium-sized companies. </div><div> </div><div>(a) See footnote (a) to Chart 2.2. A positive balance indicates that more credit is available. </div><div> </div><div>Credit conditions for households </div><div> </div><div>After eight consecutive quarters of expansion, the availability </div><div> </div><div>of secured credit to households fell significantly in the three </div><div> </div><div>Chart 3.4 </div><div>household secured lending </div><div> </div><div>months to early September, according to respondents to the </div><div>Credit Conditions Survey (Chart 3.3). Many lenders in the </div><div>survey noted that operational issues associated with the </div><div> </div><div>House purchase </div><div> </div><div>Net percentage balances </div><div> </div><div>implementation of the Mortgage Market Review had pushed </div><div> </div><div>down on credit availability over the summer. Lenders in the </div><div> </div><div>survey also reported that credit availability for borrowers with </div><div> </div><div>LTV ratios above 75% fell, and they had become less willing to </div><div> </div><div>lend at LTV ratios above 90%. Looking ahead, the availability </div><div> </div><div>of secured credit was expected to increase over the next </div><div> </div><div>three months. </div><div> </div><div>Demand for secured lending for house purchase and </div><div> </div><div>remortgaging was also reported to have fallen significantly </div><div> </div><div>over the past quarter, according to respondents to the Credit </div><div> </div><div>Conditions Survey (Chart 3.4). The Royal Institution of Chartered </div><div> </div><div>Surveyors’ (RICS) new buyer enquiries balance became negative </div><div> </div><div>(a) See footnote (a) to Chart 2.2. A positive balance indicates an increase in demand. </div><div> </div><div>in 2014 Q3, consistent with a fall in demand for house purchase </div><div> </div><div>(Chart 3.5). Lenders in the Credit Conditions Survey expected </div><div> </div><div>demand for secured credit for house purchase and remortgaging </div><div> </div><div>to increase in 2014 Q4 (Chart 3.4). In recent discussions, some </div><div> </div><div>Chart 3.5 </div><div> </div><div>RICS Residential Market Survey: new buyer </div><div> </div><div>major UK lenders noted that they were particularly uncertain </div><div> </div><div>enquiries </div><div> </div><div>about the pace of underlying demand for secured lending. </div><div> </div><div>Net percentage balance </div><div> </div><div>Respondents to the Credit Conditions Survey indicated that the </div><div> </div><div>amount of unsecured credit made available to households </div><div> </div><div>increased in 2014 Q3. Lenders expected a further rise in the </div><div> </div><div>availability of unsecured credit in 2014 Q4. </div><div> </div><div>Demand for credit card lending increased in 2014 Q3, according </div><div> </div><div>to respondents to the Credit Conditions Survey. Lenders reported </div><div> </div><div>that demand for other unsecured lending products, such as </div><div> </div><div>personal loans, was unchanged. Demand for credit card and </div><div> </div><div>other unsecured lending was expected to increase significantly </div><div> </div><div>over the next three months, according to lenders in the survey. </div><div> </div><div>2009 10 11 12 13 </div><div> </div><div>(a) Net percentage balance for new buyer enquiries is calculated as the proportion of </div><div>respondents reporting an increase in enquiries over the previous month, less the proportion </div><div>reporting a decrease. A positive balance indicates an increase in enquiries. Seasonally </div><div> </div><div>These SMEs are those that had not had a borrowing event, and also said that nothing </div><div>had stopped them from applying for any (future) loan/overdraft funding in the </div><div> </div><div>previous twelve months. </div><div> </div><div><br></div><div>12 Trends in Lending October 2014 </div><div> </div><div>An update to estimates of external finance for </div><div> </div><div>reflected a buoyant initial public offering (IPO) market, </div><div> </div><div>UK businesses </div><div> </div><div>according to market contacts. The value of total UK IPO </div><div>issuance in 2014 Q2 was the largest since the start of the data </div><div> </div><div>There are many sources of finance for businesses for working </div><div>capital, capital investment and other purposes. Recent trends </div><div>in external finance for UK businesses were discussed in the </div><div> </div><div>collection in 1984 Q2. </div><div>2014 H1 was positive for the first time since the second half </div><div>of 2010, according to Bank of England data (Chart A). </div><div> </div><div>October 2013 edition of Trends in Lending. </div><div>existing statistics collected by the Bank of England, </div><div> </div><div>Chart A Net external finance raised by UK businesses </div><div>from banks and capital markets </div><div> </div><div>consultations with officials from the Department for Business, </div><div> </div><div>Innovation and Skills (BIS) and HM Treasury (HMT), and wider </div><div> </div><div>Commercial paper </div><div> </div><div>information. The analysis concluded that debt financing from </div><div> </div><div>banks and capital markets was a significant proportion of </div><div> </div><div>external finance raised by all businesses. The available data </div><div> </div><div>suggested that some alternative types of external funding </div><div> </div><div>were of a reasonable size and growing, including asset-based </div><div> </div><div>finance and lending by insurance companies and pension </div><div> </div><div>This box presents updated estimates, where available, of </div><div> </div><div>external finance for 2013 and 2014, drawing on </div><div> </div><div>Bank of England statistics, consultations with officials from </div><div> </div><div>BIS and HMT and other information (Tables 1 and 2). It </div><div> </div><div>also includes new estimates on the flows of peer-to-peer </div><div> </div><div>(a) Finance raised by PNFCs from MFIs and capital markets. Bonds data cover debt issued by </div><div>UK companies via UK-based Issuing and Paying Agents. Data cover funds raised in both </div><div> </div><div>lending/crowdfunding, which were unavailable last year. No </div><div> </div><div>sterling and foreign currency, expressed in sterling. Seasonally adjusted. Bonds, equity and </div><div>commercial paper are non seasonal. </div><div> </div><div>updated estimates were available for private equity, business </div><div> </div><div>(b) Owing to the seasonal adjustment methodology, this series may not equal the sum of its </div><div> </div><div>angels and private placements. </div><div> </div><div>The stock of debt finance raised by all businesses from banks </div><div>and capital markets (Table 1) remained a significant </div><div>proportion of external finance as at 2014 Q2. Gross bank </div><div>lending by monetary financial institutions (MFIs) to UK </div><div>non-financial businesses remained substantial in 2013 and </div><div>Gross bond and equity issuance by </div><div> </div><div>Gross bond issuance in 2014 H1 was lower than that in </div><div>2013 H1 (Chart B). Net bond issuance was close to zero in </div><div>the year to 2014 H1, in contrast to positive issuance in the </div><div>previous three years (Chart A). It increased in the first two </div><div>months of Q3, as noted in Section 1, alongside positive net </div><div>issuance of commercial paper. </div><div> </div><div>corporate businesses was also significant. These flows were </div><div>larger than those from alternative and newer sources of </div><div>funding, such as peer-to-peer business lending. </div><div> </div><div>The vast majority of gross flows of external finance raised by </div><div>UK businesses in recent years were from bank lending and </div><div>capital market issuance, based on available data (Chart B and </div><div> </div><div>Data on lending flows </div><div>The flow and cost of funding available from the different </div><div>sources of external finance is relevant for businesses’ decisions </div><div> </div><div>Table 2). The largest flow of external finance raised was bank </div><div>lending to large businesses. The flow of new asset finance </div><div>(leasing and hire purchase) was smaller in comparison, though </div><div> </div><div>on working capital, capital investment and other purposes. </div><div> </div><div>For more details see the box ‘Estimates of sources of external finance for </div><div> </div><div>Gross bank lending to non-financial businesses by MFIs was </div><div>£120 billion in 2014 to August (Table 2), 19% higher than the </div><div> </div><div>UK businesses’ on pages 12–16 in October 2013 Trends in Lending, available at </div><div>www.bankofengland.co.uk/publications/Documents/other/monetary/ </div><div>trendsoctober13.pdf. </div><div> </div><div>comparable period in 2013. Repayments by these businesses </div><div>to MFIs also increased. Net bank lending to businesses </div><div> </div><div>For brief descriptions of the terms used in this box see Table 1 of the October 2013 </div><div>Trends in Lending box on page 12, available from the link in footnote (1). </div><div>The data on gross lending by MFIs are sourced from the Bank of England and include </div><div> </div><div>remained negative in 2013 and 2014 to August (Tables 1.A, </div><div> </div><div>loans, overdrafts and finance leases granted if on the MFI’s balance sheet. For more </div><div>details see ‘Explanatory notes — monetary financial institutions loans to </div><div> </div><div>1.B and 2). </div><div> </div><div>non-financial businesses, by size of business’, available at </div><div>www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/ </div><div> </div><div>loans_to_non-financial_businesses.aspx. </div><div> </div><div>Larger businesses have greater access to alternative types of </div><div> </div><div>For more details see ‘Markets and operations’, Bank of England Quarterly Bulletin, </div><div>Vol. 54, No. 3, page 325, available at </div><div> </div><div>funding such as capital markets. Gross equity issuance by </div><div> </div><div>www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/ </div><div> </div><div>UK private non-financial corporations (PNFCs) was larger in </div><div> </div><div>For a description of recent trends in capital market issuance by major industrial </div><div> </div><div>2014 to September than in each of the previous four years, </div><div>according to data from Dealogic (Table 2). This partly </div><div> </div><div>sector, see the box on pages 7–9 in July 2014 Trends in Lending, available at </div><div>www.bankofengland.co.uk/publications/Documents/other/monetary/ </div><div>trendsjuly14.pdf. </div><div> </div><div><br></div><div> An update to estimates of external finance for UK businesses 13 </div><div> </div><div>was slightly higher in 2014 H1 compared to 2013 H1. Some of </div><div> </div><div>each of bank lending and bond issuance as ‘attractive’ sources </div><div> </div><div>this lending is likely to be to small and medium-sized </div><div> </div><div>of funding, similar to recent quarters. Respondents to the </div><div> </div><div>enterprises (SMEs). </div><div> </div><div>survey also viewed equity issuance as an ‘attractive’ source of </div><div> </div><div>funding in 2014 Q3, as they have for over a year. </div><div> </div><div>SMEs can also use other types of external finance such as </div><div>peer-to-peer lending/crowdfunding. Flows of peer-to-peer </div><div>business lending increased in 2014 Q2 compared to the </div><div>previous quarter, though at £0.3 billion for the first half of </div><div>2014 were small compared to gross bank lending to SMEs </div><div>(Chart B). Flows of other forms of peer-to-peer </div><div>lending/crowdfunding, such as equity-based and reward-based </div><div>crowdfunding, were very small in 2013 (Table 2). </div><div> </div><div>Capital markets are not commonly used by medium-sized </div><div>businesses for external finance, according to a survey </div><div>conducted by the British Business Bank in 2013. </div><div>Respondents to the survey — those with annual turnover </div><div>between £10 million and £500 million — reported that the </div><div>most widely used forms of external finance were trade credit </div><div>(59%), leasing or hire purchase (52%) and credit cards (46%). </div><div>Respondents also reported using a range of different loan </div><div> </div><div>facilities, including overdrafts (32%). </div><div> </div><div>Chart B Gross flows of external finance for </div><div> </div><div>UK businesses, 2013 H1–2014 H1 </div><div> </div><div>The proportion of SMEs using only bank loans, bank overdrafts </div><div> </div><div>or credit cards declined between 2011 and 2014 H1 from 29% </div><div> </div><div>Bank lending to </div><div>large businesses </div><div> </div><div>to 20%, according to the SME Finance Monitor (Chart C). </div><div>Notwithstanding this, these ‘core’ products remained the </div><div> </div><div>most used option for those using external finance. The share </div><div> </div><div>of respondents to the survey using ‘other’ forms of finance </div><div> </div><div>(eg leasing, hire purchase or vehicle finance) remained broadly </div><div> </div><div>similar over this period. More generally, the proportion of </div><div> </div><div>SMEs using neither ‘core’ products or ‘other’ forms of finance </div><div> </div><div>Asset finance (leasing </div><div>and hire purchase) </div><div> </div><div>increased slightly over this period. </div><div> </div><div>business lending </div><div> </div><div>Use of external funding by SMEs </div><div> </div><div>Sources: Dealogic, Finance & Leasing Association, Peer-to-Peer Finance Association, </div><div> </div><div>Bank of England and Bank calculations. </div><div> </div><div>(a) For further details on the data sources, see Table 2 on page 15. </div><div> </div><div>(b) Data can include some invoice trading. ‘Not known’ indicates that there were no half-yearly </div><div> </div><div>Data on stocks of lending </div><div> </div><div>The stock of lending to UK PNFCs by UK banks and </div><div> </div><div>building societies was £399 billion as at end-August 2014 </div><div> </div><div>and UK businesses had £318 billion of corporate bonds </div><div> </div><div>outstanding as at 2014 Q2 (Table 1). The stock of lending by </div><div> </div><div>insurance companies and pension funds continued to be a </div><div> </div><div>reasonable size at £36 billion. </div><div> </div><div>The stock of asset-based finance was smaller, though grew by </div><div> </div><div>Source: SME Finance Monitor 2014 Q2. </div><div> </div><div>10% in the year to end-June 2014, according to data from the </div><div> </div><div>(a) The proportion of SMEs responding to the question: ‘Which of the following forms of </div><div> </div><div>Asset Based Finance Association (Table 1). Around 40% of the </div><div> </div><div>external finance does the business currently use?’. ‘Core’ products are bank overdrafts, bank </div><div>loans/commercial mortgages and credit cards. ‘Other’ forms of finance are leasing, hire </div><div> </div><div>total outstanding advances were to businesses with annual </div><div> </div><div>purchase or vehicle finance, loans/equity from directors/family/friends, invoice finance, </div><div>grants and loans from third parties. ‘None’ refers to SMEs not using either ‘core’ or ‘other’ </div><div> </div><div>turnover of over £50 million. Data on the stocks of other </div><div> </div><div>forms of finance. The components may not sum to 100% due to rounding. </div><div> </div><div>forms of finance raised, such as private equity, were </div><div> </div><div>Trade credit was also reported to have been used by 30% of </div><div> </div><div>unavailable. </div><div> </div><div>SMEs in 2014 H1, according to the SME Finance Monitor. </div><div> </div><div>When combined with those respondents who reported using </div><div> </div><div>Qualitative information </div><div> </div><div>A number of surveys provide qualitative information on </div><div>various external funding sources. The Deloitte CFO Survey </div><div> </div><div>Available at http://british-business-bank.co.uk/performance/british-business-bank- </div><div>research-medium-sized-businesses-access-finance-lessons-tomorrows-medium- </div><div>sized-businesses/. </div><div> </div><div>for 2014 Q3 — which covers large companies — reported that </div><div> </div><div>Trade credit occurs when a company buys goods or services from a supplier with an </div><div>agreement to pay later. </div><div> </div><div>a balance of around 75% of respondents to the survey viewed </div><div> </div><div>Available at www.sme-finance-monitor.co.uk/. </div><div> </div><div><br></div><div>14 Trends in Lending October 2014 </div><div> </div><div>‘core’ and ‘other’ sources of finance in the survey, around half </div><div> </div><div>look at lending opportunities that other banks had turned </div><div> </div><div>of SMEs reported using some form of external finance in </div><div> </div><div>this period. </div><div> </div><div>Some main external financing options, such as bank lending, </div><div> </div><div>Contacts of the Bank’s network of Agents continued </div><div> </div><div>asset-based finance and leasing and hire purchase, are </div><div> </div><div>to report a growing use of non-bank finance by SMEs, </div><div> </div><div>generally used by all types of businesses. For details on the </div><div> </div><div>including peer-to-peer lending and crowdfunding. Contacts </div><div> </div><div>use of various external funding sources by business size, see </div><div> </div><div>noted that these non-traditional funding providers were </div><div> </div><div>Table 2 in October 2013 Trends in Lending. Overall, the use by </div><div> </div><div>often more expensive than high street banks, but could </div><div> </div><div>business size has not materially changed over the past year. </div><div> </div><div>provide funds more flexibly or quickly, and were willing to </div><div> </div><div>Amounts outstanding </div><div> </div><div>Total non-financial businesses </div><div> </div><div>Asset-based finance (eg factoring and invoice discounting) </div><div> </div><div>Asset Based Finance </div><div> </div><div>Total advances </div><div>£0–£10 million </div><div> </div><div>£10 million–£50 million </div><div> </div><div>Over £50 million </div><div> </div><div>(a) The information contained in this table should be viewed as indicative as data and definitions are not directly comparable across different sources. Stock data are as at end-December, unless stated otherwise. Non seasonally </div><div> </div><div>adjusted. For a description of the terms used see Table 1 of the box 'Estimates of sources of external finance for UK businesses' in October 2013 Trends in Lending, available at </div><div> </div><div>www.bankofengland.co.uk/publications/Documents/other/monetary/trendsoctober13.pdf. </div><div> </div><div>(b) Amounts outstanding data include overdrafts and loans in both sterling and foreign currency, expressed in sterling. Non seasonally adjusted. Movements in amounts outstanding can reflect breaks in data series as well as </div><div> </div><div>underlying flows. For further details see www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/Changes_flows_growth_rates.aspx. For changes and growth rates data, please use the appropriate series or data tables from </div><div> </div><div>Bankstats, available at www.bankofengland.co.uk/statistics/Pages/bankstats/current/default.aspx. </div><div> </div><div>(c) Loans by UK-resident MFIs to PNFCs excluding the effects of securitisations and loan transfers. </div><div> </div><div>(d) Loans by UK-resident MFIs to UK non-financial businesses. Data for 2009 and 2010 are not directly comparable to later years. The total may not equal the sum of its components due to rounding. </div><div> </div><div>(e) SMEs are defined as those businesses with annual debit account turnover less than £25 million. Large businesses are defined as those with annual debit account turnover greater than £25 million. </div><div> </div><div>(f) Release United Kingdom Economic Accounts, Q2 2014, Chapter 3.3.9, Office for National Statistics. Available at www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q2-2014/bod-ukea-2014q2.pdf. Data are </div><div> </div><div>not directly comparable to gross and net bond issuance data in Table 2. </div><div> </div><div>(g) Release MQ5 Q2 2014, Table A, Office for National Statistics. Stock data are holdings at market value of loans to UK borrowers. For 2013 and 2014, stock data are calculated by adding quarterly flows to the previous year’s </div><div> </div><div>stock. Available at www.ons.gov.uk/ons/rel/fi/mq5--investment-by-insurance-companies--pension-funds-and-trusts/q2-2014/rft-mq5-ref-tables-q2-2014.xls. </div><div> </div><div>(h) Available at www.abfa.org.uk/members/statistics.asp. </div><div> </div><div>(i) Data cover the UK and Irish markets and are presented in client annual turnover bands. The total may not equal the sum of its components due to rounding. </div><div> </div><div><br></div><div> An update to estimates of external finance for UK businesses 15 </div><div> </div><div>Bank lending </div><div> </div><div>Total non-financial businesses </div><div> </div><div>Private placements </div><div> </div><div>Breedon Report </div><div> </div><div>UK issuers account for nearly 21% of the global private investment market, though the majority of these issues are placed with US-based </div><div>investors. If UK institutional investors invested in private placements in the same proportion as US private placement investors, an </div><div>additional £15 billion of non-bank lending could be available for mid-sized businesses in the United Kingdom. </div><div> </div><div>(a) The information contained in this table should be viewed as indicative as data and definitions are not directly comparable across different sources. There can be some double counting across estimates. Flows data are cumulative </div><div> </div><div>totals for the year or to the date stated. Non seasonally adjusted. Most numbers have been rounded to the nearest billion. For a description of the terms used, see Table 1 of the box 'Estimates of sources of external finance for </div><div> </div><div>UK businesses' in October 2013 Trends in Lending, available at www.bankofengland.co.uk/publications/Documents/other/monetary/trendsoctober13.pdf. </div><div> </div><div>(b) Data include overdrafts and loans in both sterling and foreign currency, expressed in sterling. </div><div> </div><div>(c) Loans by UK-resident MFIs to PNFCs excluding the effects of securitisations and loan transfers. </div><div> </div><div>(d) Loans by UK-resident MFIs to UK non-financial businesses. For more details see Bankstats Table A8.1, available at www.bankofengland.co.uk/statistics/Pages/bankstats/default.aspx. The total may not equal the sum of its </div><div> </div><div>components due to rounding. </div><div> </div><div>(e) SMEs are defined as those businesses with annual debit account turnover less than £25 million. Large businesses are defined as those with annual debit account turnover greater than £25 million. </div><div> </div><div>(f) Data are not comparable to gross issuance data in this table due to the different sources. </div><div> </div><div>(g) Release MQ5 Q2 2014, Table A, Office for National Statistics. Flows data are net investment and are calculated as the change in stock. Available at </div><div> </div><div>www.ons.gov.uk/ons/rel/fi/mq5--investment-by-insurance-companies--pension-funds-and-trusts/q2-2014/rft-mq5-ref-tables-q2-2014.xls. </div><div> </div><div>(h) Data exclude overdrafts and cover loans in both sterling and foreign currency, expressed in sterling. See footnote (e) for definitions of SMEs and large businesses. The total may not equal the sum of its components due to </div><div> </div><div>rounding. For net lending data excluding overdrafts see Bankstats Table A8.1, available from the link in footnote (d). </div><div> </div><div>(i) Bond issuance data may include issuance via the Order book for Retail Bonds (ORB). Data are not comparable to net issuance data in this table due to the different sources. </div><div> </div><div>(j) Available at www.financeleasingassociation.co.uk/wp-content/uploads/2014/03/FLA_keyfacts2012.pdf and via www.fla.org.uk/media. </div><div> </div><div>(k) Available at www.bvca.co.uk/portals/0/library/files/news/2013/RIA_2012.pdf. The data include Management Buy Outs (MBO) and expansion capital for larger businesses. </div><div> </div><div>(l) Data for 2011–13 are from Nesta, available at www.nesta.org.uk/publications/rise-future-finance. 2013 data were captured between 25 November and 5 December and incorporate expected volumes for the remainder of the </div><div> </div><div>year. Peer-to-peer business lending is debt-based transactions between individuals and existing businesses who are mostly SMEs. Invoice trading is firms selling invoices or receivables to a pool of individuals or institutional </div><div> </div><div>investors. Equity-based crowdfunding is the sale of registered securities by mostly early-stage firms to investors. Reward-based crowdfunding are transactions where donors have an expectation that recipients will provide a </div><div> </div><div>tangible (but non-financial) reward or product in exchange for their contribution. </div><div> </div><div>(m) Data on new peer-to-peer business lending for 2014 are from the Peer-to-Peer Finance Association, available at http://p2pfa.info/about-p2p-finance. Data can include some invoice trading. </div><div> </div><div>(n) Available at www.ukbusinessangelsassociation.org.uk/investors/background-angel-investment. </div><div> </div><div>(o) Data from Breedon, T (2012), Boosting Finance Options for Business: Report of industry-led working group on alternative debt markets, available at </div><div> </div><div>www.bis.gov.uk/assets/biscore/enterprise/docs/b/12-668-boosting-finance-options-for-business.pdf. </div><div> </div><div><br></div><div>16 Trends in Lending October 2014 </div><div> </div><div>Abbreviations </div><div> </div><div>London interbank </div><div> </div><div>The rate of </div><div> </div><div>which banks </div><div> </div><div>BIS — Department for Business, Innovation and Skills. </div><div> </div><div>offered rate (Libor) </div><div> </div><div>borrow funds </div><div> </div><div>from each other, </div><div> </div><div>CDS — credit default swap. </div><div> </div><div>marketable size, </div><div> </div><div>in the London </div><div> </div><div>CFO — chief financial officer. </div><div> </div><div>interbank </div><div> </div><div>CML — Council of Mortgage Lenders. </div><div> </div><div>UK lenders </div><div> </div><div>Barclays, </div><div> </div><div>FLS — Funding for Lending Scheme. </div><div> </div><div>Nationwide and </div><div> </div><div>HMT — HM Treasury. </div><div> </div><div>Scotland. </div><div> </div><div>Libor — London interbank offered rate (see below). </div><div> </div><div>Monetary financial </div><div> </div><div>grouping comprising banks </div><div> </div><div>LTV ratio — loan to value ratio (see below). </div><div> </div><div>institutions </div><div> </div><div>and building societies. </div><div> </div><div>M4Lx — Sterling M4 lending excluding the effects of </div><div> </div><div>Mortgage lending </div><div> </div><div>secured against </div><div> </div><div>securitisations etc. </div><div> </div><div>the value of </div><div> </div><div>dwellings. </div><div> </div><div>MFIs — monetary financial institutions (see below). </div><div> </div><div>The difference between gross </div><div> </div><div>ONS — Office for National Statistics. </div><div> </div><div>and repayments </div><div> </div><div>in a given </div><div> </div><div>PNFCs — private non-financial corporations (see below). </div><div> </div><div>RICS — Royal Institution of Chartered Surveyors. </div><div> </div><div>(and partnerships) </div><div> </div><div>SIC — Standard Industrial Classification. </div><div> </div><div>corporations </div><div> </div><div>whose primary activity is </div><div> </div><div>SMEs — small and medium-sized enterprises. </div><div> </div><div>(PNFCs) </div><div> </div><div>non-financial </div><div> </div><div>controlled by central or local </div><div> </div><div>Glossary </div><div> </div><div>government. </div><div> </div><div>Bank Rate </div><div> </div><div>The official rate paid on commercial </div><div> </div><div>Reference rate </div><div> </div><div>The rate on which loans </div><div> </div><div>bank reserves by the Bank of England. </div><div> </div><div>the reference rate </div><div> </div><div>Businesses </div><div> </div><div>Private non-financial corporations. </div><div> </div><div>(typically this </div><div> </div><div>Consumer credit </div><div> </div><div>Borrowing by UK individuals to finance </div><div> </div><div>a swap rate). </div><div> </div><div>expenditure on goods and/or services. </div><div> </div><div>Remortgaging </div><div> </div><div>whereby borrowers </div><div> </div><div>Consumer credit is split into two </div><div> </div><div>mortgage in favour </div><div> </div><div>components: credit card lending and </div><div> </div><div>new one secured on the same property. </div><div> </div><div>‘other’ lending (mainly overdrafts and </div><div> </div><div>A remortgage would represent </div><div> </div><div>other loans/advances). </div><div> </div><div>an existing property by a </div><div> </div><div>Effective interest </div><div> </div><div>The weighted average of calculated </div><div> </div><div>mortgage lender. </div><div> </div><div>interest rates on various types of </div><div> </div><div>Specialist/other </div><div> </div><div>Providers </div><div> </div><div>mortgage loans </div><div> </div><div>sterling deposit and loan accounts. </div><div> </div><div>mortgage lenders </div><div> </div><div>generally fall </div><div> </div><div>outside the </div><div> </div><div>The calculated annual rate is derived </div><div> </div><div>mainstream mortgage lending. </div><div> </div><div>from the deposit or loan interest flow </div><div> </div><div>Swap rate </div><div> </div><div>The fixed rate of </div><div> </div><div>in a swap </div><div> </div><div>during the period, divided by the </div><div> </div><div>in which floating-rate interest </div><div> </div><div>average stock of deposit or loan during </div><div> </div><div>fixed-rate </div><div> </div><div>the period. </div><div> </div><div> Swap rates </div><div> </div><div>An agreement in which a lender sets </div><div> </div><div>key factor </div><div> </div><div>in the setting of </div><div> </div><div>out the conditions on which it is </div><div> </div><div>fixed mortgage rates. </div><div> </div><div>prepared to advance a specified </div><div> </div><div>Syndicated loan </div><div> </div><div>A loan granted by a group of </div><div> </div><div>amount to a borrower within a defined </div><div> </div><div>single borrower. </div><div> </div><div>Gross lending </div><div> </div><div>The total value of new loans advanced </div><div> </div><div>and conventions </div><div> </div><div>by an institution in a given period. </div><div> </div><div>where otherwise stated the source of </div><div> </div><div>data in charts </div><div> </div><div>Loan approvals </div><div> </div><div>Lenders’ firm offers to advance credit. </div><div> </div><div>the Bank </div><div> </div><div>England. </div><div> </div><div>Loan to value (LTV) </div><div> </div><div>Ratio of outstanding loan amount to </div><div> </div><div>the market value of the asset against </div><div> </div><div>On the horizontal axes of charts, larger ticks denote the first </div><div> </div><div>which the loan is secured (normally </div><div> </div><div>observation within the relevant period, eg data for the first </div><div> </div><div>residential or commercial property). </div><div><br></div><div>Last quarter of the year. </div><div> </div><div>www.globalassetfinance.com</div><div><br></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-67585395410315773962014-12-29T04:14:00.001-08:002014-12-29T04:14:24.040-08:00December Sees ‘Steadying’ Of Economic Growth<p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">An increasing number of businesses may try to access <a title="what we finance" href="http://www.globalassetfinance.com/docs/about/assets_we_finance.shtml" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px;">trade finance</a> in the near future, as official figures have revealed that economic growth in the UK steadied in the three months leading up to December.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">According to the <a title="Find the press release here" href="http://news.cbi.org.uk/news/economic-growth-returns-to-steadier-pace/" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;">Confederation of British Industry</a> (CBI), the pace of this growth overall remained above average and experts are now predicted that it will speed up over the next quarter. While it continued to rise, it did so at its slowest rate since July of last year, reflecting a fall in expansion in business and professional services.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Director of economics with the CBI Rain Newton-Smith observed that tension in the Ukraine, Russia, and the Middle East, coupled with a weak Eurozone and slowing emerging markets will all prove concerning for those companies looking to expand.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">“While lower oil and fuel prices will leave more money in the pockets of households and businesses, it is also making life difficult for major oil producers,” the expert went on to say.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">This comes after the CBI’s Distributive Trades Survey revealed that retail sales growth expanded at its quickest paces for nearly 26 years for the two weeks ending December 11<span style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; position: relative; bottom: 3px;">th</span>. Sales are being predicted to climb less quickly in the year to January, but strong growth is still being forecast.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Best performers included grocers, furniture and carpets, and the Other Normal Good sector, which includes watches, jewellery and flowers).</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Certainly, if you’re considering expanding in the next few months, such statistics are likely to be cheering. Why not look into alternative forms of finance to help you fund such growth?</span></p><div class="yarpp-related" style="padding: 0px; border: 0px; vertical-align: baseline; margin: 1em 0px !important;"><h3 style="border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; margin: 0px !important; padding: 0px 0px 5px !important;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Related Posts:</span></h3><ol style="margin: 0px 0px 20px 30px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; list-style-position: initial; list-style-image: initial;"><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><a href="http://www.globalassetfinance.com/blog/property-finance-commercial/" rel="bookmark" title="What is commercial property funding?" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><font color="#000000">What is commercial property funding? </font></a></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><font color="#000000" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; font-weight: bold !important; text-decoration: none !important; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.globalassetfinance.com/blog/trade-finance/" rel="bookmark" title="UK Private Sector Businesses ‘At All Time High’" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; font-weight: bold !important; text-decoration: none !important; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">UK Private Sector Businesses ‘At All Time High’</a></font></li></ol><div>www.globalassetfinance.com</div><div><br></div></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-57312314349609768422014-12-25T03:54:00.001-08:002014-12-25T04:57:36.122-08:00Christmas 2014 Consumer Spending<div><strong style="font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif; font-style: inherit; font-variant: inherit; margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Christmas 2014:</strong></div><div><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Christmas Shopping Consumer Spending, Recovering offline and online sales, purchases per household and sales per person on gifts.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">We expect Christmas 2014 in the UK to be better than last year with sales growth of 2.1% compared to last year’s eventual outturn of 0.9%. The improvements in the UK economy and an increase in consumer confidence will help retail spending this Christmas. A significant feature is expected to be the fact many families are looking for a ‘traditional’ family Christmas, perhaps less bling but more conviviality. Nonetheless spending on items like games consoles, tablets and Smartphone is likely to break records. The only European country likely to do better than the UK will be Germany with growth of 3.0% compared to last year.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Why is Christmas Important? The graph of monthly retail sales (between 2001 and 2013) shows that sales in every January are terrible, then rise through summer to a peak in September, then after a further lull, sales jump by an average of 60% to an annual peak in December.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The Forecast UK</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">We forecast that Christmas sales in 2014 (the 6 weeks mid-November to the end of December) will rise to £72.7 bn, a rise in real terms of 2.1% over last year’s £71.2 bn. Last year, after a good start, retail spending was quite flat at 0.9% growth so retailers will be watching carefully to ensure that customers keep shopping. These figures are based on 1,000 person surveys in the UK, US, Germany and France about spending intentions in October and discussions with retail businesses.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">What Will People Buy? </strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Consumers are anxious about inflation, particularly energy prices. They will spend more on food and drink and decorations, but a smaller rise in gift spending.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Spending per household</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Average spending per household £758.35</strong></p><table width="491" style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; border-collapse: collapse; border-spacing: 0px;"><tbody style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><tr style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Gifts</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">58.3% of spending:</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">£442.40 (1.8% cp 2012)</span></td></tr><tr style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Food & Drink</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">28.4% of spending:</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">£215.50 (+2.5%)</span></td></tr><tr style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Travel</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">9.8% of spending:</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">£74.36 (+2.1%)</span></td></tr><tr style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Decorations</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">3.5% of spending:</span></td><td style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">£26.09 (+4.6%)</span></td></tr></tbody></table><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Spending on gifts is the biggest item, representing 58.3% of Christmas spending, a small decline in share (-0.2%) compared to 2012.</span></p><ul style="margin: 0px 0px 20px 30px; padding: 0px; border: 0px; vertical-align: baseline; list-style: square outside;"><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Spending on decorations is to rise by 4.6%, aimed at making the home more ‘Christmassy’. In 2011 it was £19.79.</span></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Christmas-related travel now represents almost 10% of Christmas spending.</span></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Spending on Food and Drink by 2014 will have risen by 17.0%, reflecting both food price rises as well as an increasing taste for luxury.</span></li></ul><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Online Spending at Christmas: one-in-five goods bought online</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">We expect online Christmas spending to break through the 20% barrier, rising to £14.6 billion in 2014 (a rise of 15.8%). The online share of Christmas spending will be 20.1% compared to last year’s 17.7%, meaning that one in five goods will be bought online. UK online retail sales will be higher both in value and as a proportion of all-retail sales than any other country in Europe.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">This means that once again, retail sales through shops will fall in absolute terms, this year by -0.9%.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Online Spending at Christmas: Mobile mCommerce growth of 163%</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">We expect mobile spending (transactions through tablets and smartphones) to grow to £1.29 billion, with tablet sales growing by 538% (reaching 39.3% of mobile sales) and smartphone transactions to grow by 337%. Mobile ecommerce will be used even more widely to check prices and stock. Mobile is the fastest growing element in the most successful part of retailing and 2014 is expected to see the widest use of mobile ecommerce.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Transaction growth outstrips spend as consumers make more smaller payments</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Average value of a retail card purchase at a record low</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Debit and credit card spending reached £47.8 billion in October but the annual growth rate is slowing, according to the latest figures from The UK Cards Association.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Card spending grew by 6.5 per cent in the year to October, down from a peak of 7.4 per cent in May this year. Figures show that debit cards are the preferred option, with the annual growth rate for debit card spending at 7.5 per cent, almost double that of credit cards at 3.9 per cent.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">At the same time the total number of card transactions is growing at the fastest rate, with 1.025 billion purchases.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">With transaction growth once again outstripping spending, the average value of a retail card transaction has dropped to a record low of £33.30. This is a reflection of the continuing migration of low value cash payments to cards, along with the increasing use of contactless cards.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Richard Koch, Head of Policy at The UK Cards Association, said:</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">”While the lowest inflation rate for 12 years and falling petrol prices appear to be slowing the growth in the overall value of card spending, consumers are actually using their cards more frequently than ever. Over three quarters of retail spending is now made via cards, with people opting for their debit cards for smaller payments in particular. ”</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The key movements to note are:</strong></p><ul style="margin: 0px 0px 20px 30px; padding: 0px; border: 0px; vertical-align: baseline; list-style: square outside;"><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Retail sector spending rose by £104 million to £23.5 billion, driven by food and drink and household goods.</span></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The impact of half-term meant that the biggest increases in card spending between September and October were recorded in concerts and entertainers (up 142 per cent) and cinema, theatre and dance (up 55 per cent). The deadline for paper tax returns on the 31st October resulted in the third highest increase in tax preparation services (up 47 per cent).</span></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The debit and credit card share of total retail sales was 75.7 per cent.<strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Bargain hunters expected to cash in on earliest deals this Christmas Day </strong></span></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Christmas Day shopping bonanza as online sales start early</strong></li></ul><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Dozens of shops have started their sales early to attract families browsing the internet for bargains on Christmas Day.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Experts are predicting a record spend in shops such as Amazon, John Lewis, House of Fraser, Lakeland, Marks & Spencer and many others, which are offering as much as 70 per cent off some lines online.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The trend to begin online sales on Christmas Eve, rather than the tradition of Boxing Day, came to prominence three years ago in Britain.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">As soon as major retailers such as Amazon adopted the practice, it was widely copied by competitors.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Retailers know that families increasingly use iPads, tablets and mobiles while they sit in front of the television or unwrap presents on Christmas Day.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Shops see it as an early window to offload excess stock because, once Christmas Eve arrives, families are be unable to order and collect parcels to wrap up before the festivities begin.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Amazon has predicted a fivefold rise in shopping activity on its website this year as the trend rapidly becomes part of some families’ Christmas Day rituals.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Estimates suggest between 5 per cent and 8 per cent of adults will shop online on Christmas Day. That would indicate that up to four million people will make purchases.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Analysis suggests as much as £441,000 a minute will be spent online, or £636 million throughout the day.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Shoppers will make 142 million visits to retail websites, a 25 per cent increase on last year and a new record, according to data firm Experian and trade body IMRG.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Dominic Trigg, managing director for Europe of digital advertising technology company Rocket Fuel, said: “Shopping online on Christmas Day is now a normal part of UK consumers’ holiday experiences every year.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">“It is clear that UK consumers now see shopping from the comfort of their own home, following Christmas Day dinner, as much of a tradition as a turkey and ham dinner.”</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Giles Longhurst, Experian general manager of consumer insight, said: “The ease of shopping online via connected devices raises the prospect of a very large amount of shopping activity on Christmas Day itself and we expect a 25 per cent growth on last year in the number of site visits as shoppers slip away from families to do some additional bargain-hunting on the big day.”</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Deals</strong></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Here are a selection of offers at some of the retailers that have announced their discounts:</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.johnlewis.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">John Lewis</strong></a> is offering a <a href="http://www.johnlewis.com/bosch-classixx-wae24369gb-washing-machine-7kg-load-a-energy-rating-1200rpm-spin-white/p575699" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Bosch Classixx WAE24369GB Washing Machine</strong></a> 7kg at £289, down from £389 – a saving of 25 per cent. It is also offering £200 off a <a href="http://www.johnlewis.com/samsung-ue55h6800-curved-led-hd-1080p-3d-smart-tv-55-with-freeview/p1781290" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Samsung UE55H6800 Curved LED 55inch Smart TV</strong></a>, now priced at £999.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.marksandspencer.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">M&S</strong></a> is offering a women’s <a href="http://www.marksandspencer.com/leather-quilted-biker-jacket/p/p22320746" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Leather Quilted Biker Jacket</strong></a> for £160, down from £249 and a men’s Collection Luxury Jacket for £249, down from £21.50.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.amazon.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Amazon</strong></a> is offering a selection of Kindle books for 99p, including <a href="http://www.amazon.co.uk/dp/B00GFD6X2A/ref=s9_acsd_bw_wf_a_DigitalD_mdl?pf_rd_m=A3P5ROKL5A1OLE&pf_rd_s=merchandised-search-4&pf_rd_r=0DH5158FJBKSCM7MAFMQ&pf_rd_t=101&pf_rd_p=571448327&pf_rd_i=5620044031" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">The Girl Who Saved The King of Sweden</strong></a>. Its deals change on a regular basis and it appears already to have sold out of one of its main Christmas Even attractions, the Clogau Gold 9ct Yellow Gold Earrings, which went on sale at £199 down from £500. It is also selling a <a href="http://www.amazon.co.uk/Maxima-Fitness-MF-2000-SpeedsterXT-R-Treadmill-Commercial/dp/B002TUXUMO/ref=sr_1_1?ie=UTF8&qid=1419501449&sr=8-1&keywords=Maxima+Fitness+MF-2000-SpeedsterXT" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Maxima Fitness MF-2000-SpeedsterXT tredmill</strong></a> for £844.17 down from £1,899.99. It will launch another batch of deals at 4pm today.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.lakeland.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Lakeland</strong></a> is offering a <a href="http://www.lakeland.co.uk/16294/Lakeland-Ceramic-Scalloped-Santoku-Knife" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Ceramic Santoku Knife</strong></a>, usually priced at £26.99, for £9.99 – a saving of 63 per cent.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.pcworld.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">PC World</strong></a> is offering an <a href="http://www.pcworld.co.uk/gbuk/laptops-netbooks/laptops/apple-laptops/apple-macbook-pro-13-with-retina-display-21962972-pdt.html#cat-0" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Apple MacBook Air</strong></a> 13.3″ 8GB model for £849, down from £1,049 and a <a href="http://www.pcworld.co.uk/gbuk/laptops-netbooks/ipad-tablets-and-ereaders/tablets/samsung-galaxy-tab-3-7-tablet-8-gb-white-21464473-pdt.html#cat-0" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Samsung Galaxy Tab 3</strong></a> 7” tablet 8GB for £79 down from £139.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"> </span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.ao.com/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Ao.com</strong></a> is launching its first ever Boxing Day sale early at midnight with some hefty discounts. Among them is a <a href="http://ao.com/product/48l5453db-toshiba-tv-black-34502-108.aspx" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Toshiba 48″ Smart Full HD LED 3D Freeview HD TV</strong></a>, which was £699, is now £379, giving a saving of £320. It is also offering a <a href="http://ao.com/product/RSA1RTMG-Samsung-ASeries-American-Fridge-Freezer-Grey-24954.aspx" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Samsung A-Series Freestanding American Fridge Freezer</strong></a> in gun metal that was £799 but has been reduced to £599.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.lauraashley.com/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Laura Ashley</strong></a> is offering up to 50 per cent off its fashion range, with a <a href="http://www.lauraashley.com/uk/fawn-marl-cable-knit-cape/invt/jp291" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Fawn Marl Cable Knit Cape</strong></a> priced at £39, down from £65.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.asda.com/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Asda</strong></a> is offering small discounts on a many of its alcoholic drinks, including Johnnie Walker Double Black which was £40, now £29.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.houseoffraser.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">House of Fraser</strong></a> has a <a href="http://www.houseoffraserforliving.co.uk/L023774_HEPBURN-COLLECTION-SILVER_DARK-WOOD---CONTRAST-BUTTONS.html" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Linea Riva 3 Seater Sofa</strong></a> at £499, down from £999 and a <a href="http://www.houseoffraser.co.uk/Krups+Krups+Melody+3+Play+Select/201948203,default,pd.html" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Krups Melody 3 Coffee Maker</strong></a>, priced at £74.99, down from £149.99</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.appliancesdirect.co.uk/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Appliances Direct</strong></a> has a number of drones on offer. It is selling Hornet Mini Quadcopter Drone With 6 Axis Gyro and Protect Cover for £24.98, down from £59.98 and the <a href="http://www.appliancesdirect.co.uk/p/reh028963/electriq-reh028963" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Quadcopter Drone With Camera and Video Recorder 2.4G with 6 Axis Gyro</strong></a> for £39.98, down from £69.97. The latter comes with an integrated camera and video recorder, allowing for full flight recording and a range of 100m.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.debenhams.com/" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Debenhams </strong></a>is offering discounts on everything from lingerie to children’s toys. It has a <a href="http://www.debenhams.com/webapp/wcs/stores/servlet/prod_10701_10001_171030608199_-1" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">My Friend Cayla doll</strong></a>, one of this year’s most popular gits, for £30, down from £60. It is also advertising a <a href="http://www.debenhams.com/webapp/wcs/stores/servlet/prod_10701_10001_007020351263_-1" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Star by Julien Macdonald grey padded faux fur coat</strong></a> for £49.50, down from £99.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">www.globalassetfinance.com</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><br></span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"> </span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"> </span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"> </span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"> </span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"> </span></p><div class="yarpp-related yarpp-related-none" style="padding: 0px; border: 0px; vertical-align: baseline; margin: 1em 0px !important;"><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">No related posts.</span></p></div></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-54120245743568918312014-12-19T23:59:00.001-08:002014-12-19T23:59:13.273-08:00Trade Finance (Import & Export Finance)<span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><b>Trade Finance (Import & Export Finance)<br></b><br>In its simplest form trade finance can fund a business’s supply chain when a traditional bank cannot. We take true risk through purchasing goods on the back of a purchase order without using the clie<span class="text_exposed_show" style="display: inline;">nt’s balance sheet as security, unlike banks.<br><br>Trade finance is often used for bringing finished goods into Europe that ultimately end up on the shelves of high street retailers. These can be clothing, home wares, giftware, electrical items, and in fact pretty much any item so long as they are finished goods.<br><br>Trade finance also works just as well for goods being exported out of the UK where traditionally UK businesses have been good at winning overseas contracts. Such contracts are well suited to trade finance as the customer is, in many cases, an entity utilising bank guaranteed instruments such as letters of credit.<br><br>Global Asset Finance Limited (GAF) is meeting the increasing demand for commodity trade finance. We have funded commodity products including:<br><br>Biomass<br>Iron ore<br>Timber<br>Steel<br>Frozen Lemon & Orange Juice<br><br>To name a few products.<br><br>Global Asset Finance Limited (GAF) has the ability to structure the most complexed transactions.<br><br><a href="http://l.facebook.com/l.php?u=http%3A%2F%2Fwww.globalassetfinance.com%2F&h=tAQEabdLi&s=1" rel="nofollow nofollow" target="_blank" style="cursor: pointer; text-decoration: none;">www.globalassetfinance.com</a></span></span><div><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><br></span></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-8699623765629724342014-12-19T08:10:00.001-08:002014-12-25T04:58:21.175-08:00Top Crowd Funding Success Stories Of 2014<div><a title="how to expand your business" href="http://www.globalassetfinance.com/docs/about/growing_your_business.shtml" target="_blank" style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif; margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; text-decoration: none; outline: 0px;">Trade finance services</a><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;"> </span><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;">have received a significant boost from crowd funding in recent years. Crowd funding traditionally involves members of the public, as well as traditional investors, backing projects by buying shares for as little as a couple of pounds. The past year saw increasing awareness of this financing option among entrepreneurs and investors. Here are</span><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;"> </span><a title="see more record-breakers here" href="http://www.guinnessworldrecords.com/2015/preview/files/assets/basic-html/page17.html" target="_blank" style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif; margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; text-decoration: none; outline: 0px;">some of the success stories</a><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;"> </span><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;">of 2014:</span></div><div><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;"><br></span></div><div><div class="post-excerpt" style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline;"><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Star citizen</strong><br>This video game was listed as holding the Guinness World Record in December 2014 as the largest crowd-funded project of any genre with over 667,000 backers. This project used crowd funding website Kickstarter as well as an independent website run by the developers.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Etherum</strong><br>This publishing platform features user-created digital contracts. Funding was raised via Bitcoin and was completed in September 2014.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Coolest Cooler</strong><br>The Coolest cooler completed its funding drive in August 2014 with over $13m raised, way ahead of its $50,000 target. The portable 60 litre cooler will contain a battery powered rechargeable blender, waterproof Bluetooth speaker, USB charger, cutting board and plates, among other features.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Pono music</strong><br>This digital music player has been developed using the FLAC audio file format. Digital audio compressed by FLAC’s algorithm can typically be reduced to 50–60 per cent of its original size. Originally aiming to raise just $800,000 on Kickstarter, the project completed fundraising in April 2014 with over $6 million.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><strong style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;">Mayday Pac</strong><br>A political fundraiser started by political activist Lawrence Lessig was run from an independent website. The fundraiser was run to push for a United States Congress dedicated to reforming campaign finance laws by 2016. The first $1 million goal was started on 1 May 2014 and was reached on 13 May 2014, and the second $5 million goal was reached on 4 July 2014.</span></p><div class="yarpp-related" style="padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; margin: 1em 0px !important;"><h3 style="border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; margin: 0px !important; padding: 0px 0px 5px !important;"><span style="font-size: 17px; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Related Posts:</span></h3><ol style="margin: 0px 0px 20px 30px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; list-style-position: initial; list-style-image: initial;"><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><font color="#000000" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.globalassetfinance.com/blog/crowd-funding-is-an-alternative-to-traditional-banking-and-finance-companies/" rel="bookmark" title="Crowd Funding is an alternative to traditional banking and finance companies" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Crowd Funding is an alternative to traditional banking and finance companies </a></font></li><li style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><font color="#000000" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a href="http://www.globalassetfinance.com/blog/trade-finance-services-cma/" rel="bookmark" title="CMA Investigating SME Lending Sector" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; outline: 0px; -webkit-transition: all 0.07s ease-in; transition: all 0.07s ease-in; font-weight: bold !important; text-decoration: none !important; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">CMA Investigating SME Lending Sector </a></font></li></ol></div></div><div class="post-tags clearfix" style="margin: 30px 0px 0px; padding: 0px; border: 0px; font-family: arial, Arial, Helvetica, sans-serif; font-size: 13px; line-height: 22px; vertical-align: baseline; zoom: 1; color: rgb(68, 68, 68); -webkit-text-size-adjust: auto;"></div></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-16266713906022039892014-12-16T08:57:00.001-08:002014-12-16T08:57:04.592-08:00Growth In Lending For First-Time Buyers Revealed<p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a title="property finance" href="http://www.globalassetfinance.com/docs/about/property_finance.shtml" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px;">Property finance</a> appears to be on everyone’s minds at the moment, with new figures revealing that 29,900 loans for first-time buyers were granted in October 2014, a 12 per cent hike on September and up by 14 per cent compared with the same month last year.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><font color="#000000"><span style="font-size: 17px; line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><a title="Read the press release here" href="http://www.cml.org.uk/cml/media/press/4103" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline; text-decoration: none; outline: 0px; transition: all 0.07s ease-in; -webkit-transition: all 0.07s ease-in;">Council of Mortgage Lenders data</a> indicates that while remortgage lending for October saw a decline month on month, lending to home movers is on the rise. In all, 35,000 loans were advanced to those looking to move, up by ten per cent on September and by four per cent on October 2013.</span></font></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Director-general of the organisation Paul Smee described 2014 as a year of change for the industry but added that the market has been remarkably stable, with both buy-to-let lending and house purchases demonstrating consistent and steady growth throughout the year in comparison to 2013.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">“Stamp duty reform was long overdue and it is welcome that the tax has been changed. It will now be interesting to see how the market reacts – the new structure should be less of a barrier to mobility for those looking to get on the housing ladder or movers looking to switch homes,” he remarked.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Earlier this month, the government’s Autumn Statement revealed that stamp duty land tax paid on average house prices would be reduced by £4,500. Anyone buying a property under £935,000 would pay less, while those investing in the highest value dwellings would pay more, with the new system designed to be fairer and to help first-time buyers onto the property ladder.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><br></span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline;"><br></p>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-54245289436090551162014-10-09T08:25:00.001-07:002014-10-09T08:25:17.786-07:00What is commercial property funding?<p>Commercial property funding is a wide reaching term, but it is a finance offering that provides businesses, both big and small, with a massively useful mechanism for raising finance and growing their organisations. Well, worth the 5 minutes it will take you to read this article to discover.</p><br/><p>Commercial property funding allows businesses to borrow money to purchase or improve a currently owned commercial building. However, it also can be used to define the service many lending institutions offer that uses property as collateral against which to borrow money for any business purpose. </p><br/><p>Commercial property funding plays a vital role in the UK business sector, as it helps companies to purchase their own property assets, which may appreciate in value over time. These commercial properties can also be used to leverage the best rates for borrowing against providing companies with a major cash injection in order to fund future expansion plans. </p><br/><p>In order to get the most out of your commercial property, it is important to understand all the financial options that you have. Here, we explain a little more about the top three ways to obtain commercial property funding. </p><br/><p>Bridging Loans<br/><br/>A short-term finance option, bridging loans are secured on land, residential and commercial properties and can give businesses a short-term cash injection so that they can purchase the property that they want. Bridging loans provide an ideal solution for companies that find they are unable to release the equity that is currently tied up in an investment or asset. While bridging loans generally have higher rates and charges than normal mortgages, because of their short-term nature these will not bite for long. </p><br/><p>Commercial Mortgages<br/><br/>For companies that are looking for funding to buy a property, commercial mortgages are the perfect financial package. Commercial properties are a sound investment for businesses or every size, and of course it is also possible to refinance a property in order to get another cash injection further down the line. With all interest payments tax deductible on commercial mortgages, they are a great future investment, especially as you’ll no longer have to pay rent.</p><br/><p>Commercial development finance<br/><br/>If your company is in the business of building, developing or renovating properties, then commercial development finance is an excellent way to fund your projects. With the option to refinance your new development in the future, it is wise to develop a long-term relationship with your finance provider and research the field, which includes High Street development loans, top-up money and specialist lenders.</p><br/><p>To find out more about commercial property funding, take a look through our site, or call us on 0844 740 7747.</p><br/> <br/><a href='http://globalassetfinance.com/blog/what-is-commercial-property-funding/'>What is commercial property funding?</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-87128326620381602062014-09-30T05:57:00.001-07:002014-09-30T05:57:05.733-07:00How your assets and equipment could finance business growth<p>Over time, many businesses find that their capital has become tied to their assets and equipment. Releasing the equity within these assets is therefore a great way to free up much needed funds, which can then be reinvested into the business in different ways. The simplest and easiest way for businesses to free up this capital is through asset and equipment refinancing.</p><br/><p>Similar to re-mortgaging a house, equipment refinancing involves an asset management firm either buying your equipment and then leasing it back to you, or if you have yet to buy it outright, paying off your original loan and then offering you a new loan with lower and more affordable interest rates and payments instead. This financial model is especially useful for companies that have a lot of expensive equipment, whether it is medical, agricultural or IT related. Whatever the asset, equipment refinancing could really help you to build the funds you need to expand your business.</p><br/><p>Here are our top five reasons for making use of this financial model.</p><br/><p><strong>It’s a great way to inject capital into your business</strong> </p><br/><p> </p><br/><ol><ol><li>If you own your assets outright, refinancing them can be a great way to inject a large lump sum into your business. And, as the monthly repayments are kept low you’ll be able to reinvest this money back into your company’s continued growth.</li><br/></ol></ol><ul><li><strong>It can reduce monthly repayments</strong> </li><br/></ul><p> </p><br/><ol><ol><li>When you refinance your assets, they’ll be sold back to you at a lower monthly rate and with reduced interest, as when an asset is refinanced the figure is based on the market cost minus 30%. This will then allow you to use the money that you are save in other areas of your business.</li><br/></ol></ol><ul><li><strong>You can continue to use the asset after it has been refinanced</strong> </li><br/></ul><p> </p><br/><ol><ol><li>Refinancing your equipment will not affect your use of the asset, and you will be able to carry on using it throughout the process. This means that man-hours will not be lost, and productivity and service levels will not be affected.</li><br/></ol></ol><ul><li><strong>The capital raised can be used to buy other assets or equipment</strong> </li><br/></ul><p> </p><br/><ol><ol><li>The capital that you raise from the sale and leaseback of your assets to a refinancing company or through reducing your monthly payments, can then be put towards purchasing other vital equipment or marketing efforts to build your organisation.</li><br/></ol></ol><ul><li><strong>The money you save can be used for anything</strong> To find out more about equipment and asset refinancing, take a look through our site, or call us on 0844 740 7747.</li><br/></ul><p> </p><br/><p>The money that you save through refinancing doesn’t have to be used for purchasing new equipment though, it could also be used to pay staff wages, rent office space or to buy new services; the options are endless, and yours to decide upon.</p><br/> <br/><a href='http://globalassetfinance.com/blog/how-your-assets-and-equipment-could-finance-business-growth/'>How your assets and equipment could finance business growth</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-68657937932158432702014-09-15T05:25:00.001-07:002014-09-15T05:25:59.245-07:00Reasons to use Asset Finance and Leasing<p>Asset finance and leasing is an excellent way to boost your company’s competitive edge by cheaply providing you with access to the resources and equipment that you need to grow your business. Whether you’re an SME or a long established firm, this can offer your organisation real benefits.</p><br/><p> </p><br/><p>Buying equipment or assets for your business can be prohibitively expensive, but it’s not just the cost of purchase that needs to be considered, there’s also the cost of depreciation on your balance sheet to consider. This is a simple and thrifty solution that ensures you can always have the very best vehicles, kitchen appliances, computers, mobile devices or anything else that your business needs, with far fewer of the risks and costs of ownership.</p><br/><p> </p><br/><p>Here are our top 5 reasons to use asset finance and leasing.</p><br/><p> </p><br/><ul><li><strong>Lack of Debt</strong> </li><br/></ul><p> </p><br/><ol><ol><li>Making use of asset financing can help you to keep your other financial options open. As operating leases, which are used to acquire assets or equipment on a short to medium term basis, are classed as an expense. Therefore, using asset financing will not affect your credit rating, leaving you the room to borrow money from other sources if and when you need to.</li><br/></ol></ol><ul><li><strong>Stronger Cash Flow </strong> </li><br/></ul><p> </p><br/><ol><ol><li>Leases are a great way to free up your company’s cash flow and help keep your monthly costs under control. As most operating leases allow you to pay via small and regular monthly payments, you’ll be able to invest the money you save back into your business and the services that you really need.</li><br/></ol></ol><ul><li><strong>Clear Budget Management </strong> </li><br/></ul><p> </p><br/><ol><ol><li>With fixed monthly fees for a period of time that has been clearly defined from the outset, asset finance and leasing will ensure that your company’s budget management is far more straightforward, freeing up precious time for other projects.</li><br/></ol></ol><ul><li><strong>Tax Benefits</strong> </li><br/></ul><p> </p><br/><ol><ol><li>Using asset finance and leasing is an excellent way to reap tax benefits. As lease payments are defined as expenses by HMRC, it is possible to use untaxed money to pay for them, which will save you money in the long term.</li><br/></ol></ol><ul><li><strong>Lease Specific Bonuses </strong></li><br/></ul><p> </p><br/><ol><li>When you are negotiating a lease with a company, it is important to remember that it is possible for lease specific bonuses to be written into the contract. If you’re leasing equipment that requires regular servicing in order to operate at its best, make sure that equipment servicing is included in the lease. Variable monthly payments are also available with some packages and are a great option for businesses whose cash flow fluctuates.</li><br/></ol><br/><a href='http://globalassetfinance.com/blog/reasons-to-use-asset-finance-and-leasing/'>Reasons to use Asset Finance and Leasing</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-43384802270304805952014-07-25T07:44:00.001-07:002014-07-25T07:44:43.536-07:00Why are more established businesses choosing to use invoice financing?<p>Since the global financial crisis began to bite in 2007, there has been a marked rise in SMEs seeking alternative funding sources. As traditional banks have become increasingly reluctant to lend, the gap remaining is increasingly being filled by so-called challenger banks. Unaffected by the legacy debts and bad PR of traditional banks, they have been able to offer SMEs new ways to inject capital into their businesses. With even traditional banks now talking of launching invoice finance divisions, coupled with the fact that ‘invoice finance’ was the most popular business finance search term on Google in 2013*, it is clear that this is becoming an increasingly popular and reputable finance model.</p><br/><p>The growth in popularity of invoice financing isn’t just confined to start-ups and small businesses facing challenging times. Increasingly, long-established businesses are also using this method. In fact, established companies have just as much, if not more, to gain from invoice financing. As invoice financiers link their lending to a company’s sales ledger, businesses with a steady flow of sales and invoices have much to gain, especially if they have clients who are slow to meet their payments. Instead of using invoice financing to save a business from troubled times, the facility can instead be used to bolster a period of growth – which in turn may attract more investment in the business. After an initial cash injection, a steady flow of increased capital can facilitate buying services in bulk, thereby cutting costs in the long term. Outsourcing your sales ledger to an asset management company can also free up crucial team members and cut manpower costs.</p><br/><p>The various models of invoice financing that are available can be extremely beneficial for established businesses. Companies that have strong links with their clients can keep control of their sales ledger by choosing invoice discounting instead of factoring. Businesses that regularly take on new customers can make use of the mutually beneficial credit checks that many invoice financiers will carry out on new clients.</p><br/><p>With big banks failing to meet the needs of their customers, it is little wonder that SMEs and many larger companies are increasingly turning to a quicker and more convenient way to access capital. For many established businesses, the quick initial cash injection, along with the confidentiality and security that invoice financing provide, make invoice finance, discounting & factoring the only viable option – if they want to grow and prosper in this tough economic climate.</p><br/> <br/><a href='http://globalassetfinance.com/blog/why-are-more-established-businesses-choosing-to-use-invoice-financing/'>Why are more established businesses choosing to use invoice financing? </a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-71752075609922726702014-07-19T04:38:00.001-07:002014-07-19T04:38:23.627-07:00Crowd Funding is an alternative to traditional banking and finance
companies<div class="post-meta" style="margin: 20px 0px 30px; padding: 0px; border: 0px; vertical-align: baseline;"><span style="background-color: rgba(255, 255, 255, 0); -webkit-text-size-adjust: auto; font-style: inherit; font-variant: inherit; font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;">Crowd Funding has been in the UK for a number of years.</span></div><div class="post-excerpt" style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline;"><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">“Credit Crunch” and “Banking Crisis”. It started as banks across the globe lent too much money, too quickly and in many cases the loans then defaulted or had insufficient security attached to them. So, rather like a pack of cards the whole banking infrastructure started to collapse like a domino effect. Banks had insufficient capital to meet liabilities and governments had to step in to support banks.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The UK PLC has turned the corner. Interest rates remain at historic low, (Great for Borrowers & Devastating for savers and companies with cash held on deposit) business confidence is increasing of companies looking to invest in new equipment and infrastructure.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Crowd Funding how does it work? Typically an on-line lending platform (an intermediary such as Funding Circle or Funding Knight and various others) will bring borrowers together with investors. This is done by the borrower (an SME/owner) approaching the investors for a loan via an internet platform. An application for a loan is submitted via the P2P platform, (in much the same way as you would approach your bank manager for a loan). The borrower will have to outline their business’s background; the company must explain what the business does? Why it is profitable? How much it needs to borrow? The crowd funder will prequalify the application at the outset for validation.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">How long the company requires the loan? financial information has to be provided, to include the last year accounts. A simple application form at the outset.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The borrower’s loan request will then be looked at and assessed by the Crowd Funder “in house” funding team and if the Crowd Funder can see a viable business and a clear “ability to repay” the loan, it is then advertised on the P2P website for investors to “bid” on. Investors are typically private individuals looking to earn a better return than they are currently receiving for funds held in a bank deposit/savings account. Once the loan request goes “live”, investors can bid amounts of typically £10 and upwards. They can also indicate what percentage return they want for their investment (subject to minimum bid rates suggested on the web portal and set by a “risk weighting” assigned to the borrowers business by the intermediary). The better the businesses financials are, the lower the minimum bid rate and therefore the lower the overall interest rate/borrowing costs. They (investors) can also ask the prospective borrower questions about their business or its financials, the borrower then having a choice whether to reply or not (it is advisable to do so!).</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Once the loan is 100% funded, the borrower can elect to close the bidding and start the process of drawing down their loan. Alternatively, they can keep the bidding open in the hope that new investors lower their bid rates, remove the higher rate bidders and thus reduce the overall loan cost/interest rate.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">The Crowd Funder platform provider will then take their “fee” from the loan amount with the borrower then signing the loan documents before the balance of the loan is deposited into their business account. The Crowd Funder offers Secured and Unsecured Funding.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Worthy of note is that each individual investors name is listed on the loan document that the borrower signs, in my experience, this can be in excess of 200+ investors for any one loan!</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Crowd Funding – Fast Business Loans can be used for any purpose.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Great Alternative to Traditional Banking and Finance Companies.</span></p><p style="margin: 0px 0px 20px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; vertical-align: baseline;"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Onwards and Upwards!</span></p></div><br><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzBA1z1A5VnbyVAVJ0_FUCKPSUln_aX1Y9ai4qFerDFJLvQ8cKHUuo3Th4WduEQrklOeTfLGWTmVsbXrSzBTmDkGPAsTHah9ihmKWtFtiWLMYb4MocnPpG1M6f8hyphenhyphenHgfhfktezpcThaGQo/s640/blogger-image-1814982417.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzBA1z1A5VnbyVAVJ0_FUCKPSUln_aX1Y9ai4qFerDFJLvQ8cKHUuo3Th4WduEQrklOeTfLGWTmVsbXrSzBTmDkGPAsTHah9ihmKWtFtiWLMYb4MocnPpG1M6f8hyphenhyphenHgfhfktezpcThaGQo/s640/blogger-image-1814982417.jpg"></a></div>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-65070287457676740182014-07-19T01:50:00.001-07:002014-07-19T01:50:30.451-07:00Crowd Funding is an alternative to traditional banking and finance companies<p>Crowd Funding has been in the UK for a number of years.</p><br/><p>“Credit Crunch” and “Banking Crisis”. It started as banks across the globe lent too much money, too quickly and in many cases the loans then defaulted or had insufficient security attached to them. So, rather like a pack of cards the whole banking infrastructure started to collapse like a domino effect. Banks had insufficient capital to meet liabilities and governments had to step in to support banks.</p><br/><p>The UK PLC has turned the corner. Interest rates remain at historic low, (Great for Borrowers & Devastating for savers and companies with cash held on deposit) business confidence is increasing of companies looking to invest in new equipment and infrastructure.</p><br/><p>Crowd Funding how does it work? Typically an on-line lending platform (an intermediary such as Funding Circle or Funding Knight and various others) will bring borrowers together with investors. This is done by the borrower (an SME/owner) approaching the investors for a loan via an internet platform. An application for a loan is submitted via the P2P platform, (in much the same way as you would approach your bank manager for a loan). The borrower will have to outline their business’s background; the company must explain what the business does? Why it is profitable? How much it needs to borrow? The crowd funder will prequalify the application at the outset for validation.</p><br/><p>How long the company requires the loan? financial information has to be provided, to include the last year accounts. A simple application form at the outset.</p><br/><p>The borrower’s loan request will then be looked at and assessed by the Crowd Funder “in house” funding team and if the Crowd Funder can see a viable business and a clear “ability to repay” the loan, it is then advertised on the P2P website for investors to “bid” on. Investors are typically private individuals looking to earn a better return than they are currently receiving for funds held in a bank deposit/savings account. Once the loan request goes “live”, investors can bid amounts of typically £10 and upwards. They can also indicate what percentage return they want for their investment (subject to minimum bid rates suggested on the web portal and set by a “risk weighting” assigned to the borrowers business by the intermediary). The better the businesses financials are, the lower the minimum bid rate and therefore the lower the overall interest rate/borrowing costs. They (investors) can also ask the prospective borrower questions about their business or its financials, the borrower then having a choice whether to reply or not (it is advisable to do so!).</p><br/><p>Once the loan is 100% funded, the borrower can elect to close the bidding and start the process of drawing down their loan. Alternatively, they can keep the bidding open in the hope that new investors lower their bid rates, remove the higher rate bidders and thus reduce the overall loan cost/interest rate.</p><br/><p>The Crowd Funder platform provider will then take their “fee” from the loan amount with the borrower then signing the loan documents before the balance of the loan is deposited into their business account. The Crowd Funder offers Secured and Unsecured Funding.</p><br/><p>Worthy of note is that each individual investors name is listed on the loan document that the borrower signs, in my experience, this can be in excess of 200+ investors for any one loan!</p><br/><p>Crowd Funding – Fast Business Loans can be used for any purpose.</p><br/><p>Great Alternative to Traditional Banking and Finance Companies.</p><br/><p>Onwards and Upwards!</p><br/> <br/><a href='http://globalassetfinance.com/blog/crowd-funding-is-an-alternative-to-traditional-banking-and-finance-companies/'>Crowd Funding is an alternative to traditional banking and finance companies</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-69199737713024834072014-07-04T00:22:00.001-07:002014-07-04T00:22:06.189-07:00Introduction– Trade Finance for your Customer Orders<p>Global Asset Finance Limited provides trade finance to clients involved in exporting or importing finished goods through:</p><br/><p>Providing appropriate finance to fund the transaction;</p><br/><ul><li>Minimizing risks, particularly credit and political risks; and</li><br/><li>Managing the supply chain cash flow.</li><br/></ul><p>GLOBAL ASSET FINANCE LIMITED comprises knowledgeable and technically proficient professionals and corporate risk managers who understand the commercial pressures and demands of cross-border risk management, finance and logistics.</p><br/><p>GLOBAL ASSET FINANCE LIMITED originates structures and finances business where there is an underlying trade. We use a range of financial and risk mitigation solutions to help meet your exact requirements including:</p><br/><ul><li>Order Finance</li><br/><li>Procurement Finance</li><br/><li>Receivables discounting , as part of an overallsolution</li><br/><li>Letters of Credit confirmations</li><br/><li>Forfeiting</li><br/><li>Pre-Exportfinance</li><br/><li>CommodityFinance</li><br/><li>Import finance facilities</li><br/><li>Guarantees and Stand by Letters of Credit</li><br/><li>Capital Goods Finance and Leasing</li><br/><li>Credit Insurance</li><br/></ul><p><strong>We have fundeda diverserange offinished goods, including:</strong></p><br/><p>BBQ’s; Children’s clothing; Commercial Batteries; Replacement Windscreens; Hi Tech cameras; Machine parts to Africa; Gift ware to major retailers; Used Vegetable Oil; Pizza boxes; Garden games and capital goods. Just to name a few.</p><br/><p><strong>CORE CRITERIA FOR TRADE FINANCE </strong></p><br/><p>GLOBAL ASSET FINANCE LIMITED and its partners are aprovider of traditional transactional trade finance. GLOBAL ASSET FINANCE LIMITED will purchase finished goods onbehalf of their clients, against confirmed purchase orders from credit worthy end customers.</p><br/><h2>Client:-</h2><br/><ul><li> Ideally established business with 2 years track record;</li><br/><li> domiciled in most countries;</li><br/><li>- Must be a Limited Company.</li><br/></ul><p><strong> Product:-</strong></p><br/><ul><li> Ideally finished goods,</li><br/><li> We don’t take manufacturing risk;</li><br/><li> Trading Margin (Gross Margin) of at least 15%;</li><br/><li> At least 8 months shelf life (not perishable goods);</li><br/><li> No onerous on-going support obligation by the client.</li><br/></ul><p><strong> Transactions:-</strong></p><br/><ul><li> Maximum ten or of 90 days pre-shipment finance, 120 days post shipment finance;</li><br/><li> Minimum purchase quantity of £80,000 from anyone supplier over a 2 week period;</li><br/><li> Confirmed orders from end buyers (no sale or return or call off orders);</li><br/><li> End buyers must be credit insurable by our partners insurer, or offering Letter of Credit or Bank Guarantee from Investment Grade bank. Can be domiciled in most countries;</li><br/><li>One off transactions only considered if quantumis in excessof £250k GBP or equivalent;</li><br/><li>Maximum transaction size of £1m to any one end buyer, or £3m to multiple end buyers.</li><br/><li>Larger trades considered on an Credit & Risk Basis up to £100m;</li><br/><li>All trades conducted on a disclosed basis to buyer and suppliers.</li><br/></ul><p><strong> Costs and security:-</strong></p><br/><ul><li> Cost varies on size and tenor of trade. Typical range is 2% to 3.5% per 30 days for cash use and 1% per month pre-shipment Letters of Credit and not in product;</li><br/><li>Security may include Debenture, Personal Guarantees or Warranties/Indemnities, or specific debt waivers from existing lenders relating to</li><br/><li>transactions being financed. Cross guarantees maybe required for group structures or SPVs.</li><br/></ul><p> </p><br/><p> </p><br/> <br/><a href='http://globalassetfinance.com/blog/introduction-trade-finance-for-your-customer-orders/'>Introduction– Trade Finance for your Customer Orders</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-77739955964081606012014-07-02T09:27:00.001-07:002014-07-02T09:27:55.806-07:00Point of Sale Finance<p>Sales Increase – a lender normally expect to see a 10% increase in sales in the first year of operation for any retailer entering into Point of Sale Finance for its consumer’s. This subsequently increases but by how much is subjective as generally also linked to an on line strategy. A recent example of a retailer saw an increase in first year ales of 8.3% following the implementation of Point of Sale Finance which is consistent with expectations. A nationwide retailer is on target for a £10m impact from its first year of operation.</p><br/><p>Visit: www.globalassetfinance.com</p><br/><p> </p><br/><p> </p><br/> <br/><a href='http://globalassetfinance.com/blog/point-of-sale-finance/'>Point of Sale Finance</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-60097913173306301122014-07-02T09:26:00.001-07:002014-07-02T09:26:17.718-07:00Bridging Loan's Yes or No<p><strong>Bridging Loan Work how does it work?</strong></p><br/><p>Bridging Loans are used in order to supply finance for purchasing a new property, while the borrower is waiting for their current property to sell or just raise short term finance. However, it is becoming a very popular choice for individuals with limited resources. They can be employed for any purpose, as long as the lender accepts the offered security and exit strategy and is satisfied the borrower can service the loan. All bridging loan lenders will need to have a exit strategy for repayment before any funding will be approved. The term for repayment can be used to satisfy individual needs, the majority of bridging loans have a term less than a year.</p><br/><p><strong>Bridging Loans who wants one?</strong></p><br/><p>Anyone that is knowledgeable about the loan facility and how it works and upside and downside, understands the modus operandi, and has a plan for repayment can borrow money through a bridging loan. Bridging loan companies have been used by prospective residential or commercial property purchasers and developers. The funds could also be used for individuals that are seeking to buy a property, and develop it, and then put it back on the market for sale. Individuals in financial difficulty can use the loan to avoid repossession of their home. Bridging is ideal for all people that need some money and space to arrange an longer term facility or sell the property. Since the loans can range in value from £50,000 to £100m, there are lots of options. The cost of a bridging loan is expensive and a lot of people shy away once aware of the term and finance rates.</p><br/><p><strong>Benefits of a Bridging Loan or Punishment for Non Settlement of the Loan</strong></p><br/><p>Bridging loans can be beneficial for providing a flexible form of finance for short a period, which allows fast finance and a temporary injection of cash. Some bridges become available within as little as 48 short hours after acceptance and all the legal’s are in place. The loans have increased in popularity, so individuals can get finance through this financial product. Although, the company will review the borrower’s financial situation to ensure they can meet payments and have an exit strategy and even ask for additional security to be given. If the exit and full repayment is not properly executed, the individual will face some heavy penalties that feel like a financial punishment.</p><br/><p>There are many alternatives to bridging loans that borrowers should consider, such as secured loans, conventional mortgages and second charge over existing properties if equity is available, asset finance, and commercial lending. However, bridges offer a opportunity to access funds very fast.</p><br/> <br/><a href='http://globalassetfinance.com/blog/bridging-loans-yes-or-no/'>Bridging Loan's Yes or No</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com1tag:blogger.com,1999:blog-9181466196030687050.post-77996642030046502912014-07-01T04:24:00.001-07:002014-07-01T04:24:56.190-07:00Commercial Finance at it's Best<p>“I have dealt with Global Asset Finance Limited and Stephen Gruenewald personally for several years now and always found him to be very honest and approachable, well experienced finance expert who excels in his field of commercial finance.”</p><br/><p>Stephen and Global Asset Finance Limited has raised significant finance (Crowd Funding, Venture Capital, Property Development Funding, Trade & Invoice Finance) for various project’s over the years, I have been involved with. Global Asset Finance has secured funding at the right rate and within time to complete the project.</p><br/><p>Gary Hollings</p><br/><p>GHM Futbol</p><br/> <br/><a href='http://globalassetfinance.com/blog/commercial-finance-at-its-best/'>Commercial Finance at it's Best</a>Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-53563769473512805632014-05-16T08:20:00.002-07:002014-05-16T08:22:51.850-07:00Global Asset Finance UpdateWhat a wonderful life and to enjoy the beautiful London weather.<br />
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Global Asset Finance Limited is back up and running after Stephen Gruenewald, long battle with heart disease.<br />
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Connect with us and look at our new website, facebook page and twitter feed.<br />
<br />
<a href="http://www.globalassetfinance.com/">www.globalassetfinance.com</a><br />
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Twitter: GlobalAFinance<br />
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<a href="http://www.facebook.com/globalassetfinance">www.facebook.com/globalassetfinance</a><br />
Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-54797373327556010832007-09-27T05:51:00.000-07:002014-05-16T08:24:10.573-07:00Global Asset Finance LimitedGlobal Asset Finance Limited<br />
<br />
Who <strong>We Are</strong><br />
<li>The team at Global came together with experience gained throughout a number of areas within the banking and finance industry. With an initial move into aircraft finance the strength of the company grew. The next logical step was to offer our services to suppliers of all types of equipment and services. Global agreed facilities with major banks and finance companies, throughout Europe and the Far East. This enabled Global to set up finance packages for suppliers of all types of equipment and capital assets.</li>
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What <strong>We Do</strong><br />
<ul class="fullimage_box last">
<li>Our success is the packaging of our suppliers into acceptable tranches for our funders. This has enabled us to pick up sizeable accounts and secure them by offering a very much hands-on service, improving their sales figures and profitability. Especially pertinent in this area is our commitment to offering training to our suppliers sales force on how to Sell on Finance.</li>
</ul>
We also believe in diversity and incorporating the best in all cultures. There is value in fostering the different perspectives and approaches contributed by our skilled people around the world. I am convinced that the clear focus on developing our market opportunities while concentrating on achieving greater efficiencies will enable Global to strengthen our position. And ultimately, this benefits our customers, shareholders and our people around the world.<br />
<strong>Stephen Gruenewald</strong> - Managing Director<br />
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<a href="http://www.globalassetfinance.com/">www.globalassetfinance.com</a><br />
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<a href="http://www.facebook.com/globalassetfinance">www.facebook.com/globalassetfinance</a><br />
<br />
Twitter: GlobalAFinance<br />
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<br />Anonymoushttp://www.blogger.com/profile/03758412078089443853noreply@blogger.com0tag:blogger.com,1999:blog-9181466196030687050.post-30198542619184472432007-09-27T05:38:00.000-07:002014-05-16T08:26:39.918-07:00Insolvency, Debt & Finance ProblemsDebt Help in the UK is in great demand.<br />
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We receive hundreds of calls from the public who need monthly budgeting advice or who have been turned down for a debt consolidation loan or re-mortgage. There are many reasons why people get into debt such as credit card or store card debt or even debt after a death in the family. Some callers have debt arising from divorce, separation or single parenthood. For this reason we have advice teams dedicated to these situations.<br />
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Getting into debt can be caused by a unforeseen event such as debt arising from disability, debt from ill health or injury or even debt from redundancy or loss of work. Through these difficult time callers can get into debt from personal or secured loans, car financing or mortgages. Many callers have mail order debt or are unable to keep up monthly payments on credit cards and loans and are being chased for late payments as a result. If this is the situation we can help provide accurate debt advice.<br />
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Some callers suffer from shopping addiction or even have gambling debt and just need debt advice they can trust on how to avoid bankruptcy or the alternatives to bankruptcy. In many situations the public want to find out about Individual Voluntary Arrangements (IVA). Whatever the advice we can assist the public to compare debt solutions and provide advice.<br />
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The Insolvency Helpline aims takes away any confusion about the problems you or your company are facing. We aim to give you the confidence to face your particular situation. We aim to provide you with the best free debt help to solve your debt problems.<br />
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Whether you are looking for advice on your debts through a debt consolidation solution or debt management plan or do you just have bad credit.<br />
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We can assist you:<br />
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Are you struggling to obtain a debt management solution elsewhere? Are you looking for information on a debt management plan or seeking other debt help? Are you considering bankruptcy or are you worried you have bad credit or a growing debt problem? Do you just want general debt management advice? Do you Require information on Insolvency, a debt management plan or an Individual Voluntary Arrangement (IVA)? We can provide debt management help and advice on bankruptcy or insolvency.<br />
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We can advise you on the best debt management solution for YOU.<br />
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DEBT SECTORSHOW WE CAN HELP<br />
PAYE & Employed Individuals In our experience peoples debt problems are caused by circumstances beyond their control and usually through no fault of their own.<br />
This section of the site designed to give practical advice and information to employed P.A.Y.E Individuals.<br />
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Limited Companies This section of the site is designed to assist companies of all sizes when they are unable to pay their debts or it can be seen that their liabilities are greater than their assets.<br />
It also provides the correct guidelines for directors to follow in order to avoid misconduct<br />
Sole Traders & Partnerships This section of the site is designed to assist sole traders and partnerships of all sizes and industry groups with practical advice as well as matters relating to insolvency, financial implications and bankruptcy.<br />
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Student Debt Juggling studying with money worries is now a fact of life for most university students.<br />
This section provides students with practical debt advice and the practical ways to avoid incurring debt whilst in education and even advice and solutions on how to deal with debt.<br />
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IVAs (Individual Voluntary Arrangements)This IVA section gives a full IVA (Individual Voluntary Arrangement) Overview and explains what an IVA is?, the IVA procedure, and how to start an IVA. It also goes into some detail about who can an IVA help? and the IVA criteria . It outlines the benefits and advantages of an IVA and how an IVA works? dealing with issues such as the IVA approval process.<br />
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There has been a lot of confusion about who can an IVA help? and also whether it is better to do bankruptcy or an IVA. This section will go into detail about IVA's - Facts & how they work and provide IVA - Help and information. A lot of people ask about the Benefits and Advantages of an IVA,IVA - Estimated timescale,IVA - What are the costs involved?IVA - The documentation required,The IVA approval process,The IVA criteria and otherIVA's - Frequently asked questions. You can even look at a Sample IVA proposals for PAYE worker.<br />
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Other Services<br />
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We can provide information and resources for all individuals and businesses on the topic of debt advice for workers in the United Kingdom.<br />
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The guidance and debt advice contained within this website is subject to the UK regulatory regime and is therefore primarily restricted to consumers based in the UK in need of debt advice.<br />
It's hard to think straight when you've got a serious debt problem. You're stressed, you can't sleep, people constantly hound you for money and the temptation is to bury your head in the sand. What you need is honest, independent and cost-free advice on the best way of becoming debt-free.<br />
Contact us today for a confidential talk. We'll show you a positive way forward. <br />
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To speak to an adviser, who will call you to discuss your specific requirements. Please email: stephen<a href="mailto:howard@globalassetfinance.com">@globalassetfinance.com</a> and one of our experts will call you back.<br />
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