The business economy is slowly on the rise. Here at NGI we have certainly seen a boost in new property finance enquiries as a result of the CBIL finance scheme. Most recently we have been able to support companies with 4 property development loans and 3 commercial mortgage deals.
For a short period only, there is still an opportunity to take advantage of the CBILS (Coronavirus Business Interruption Business Loan Scheme) for property developers. This funding facility bridges the financial gap between a property development site being completed and all properties being sold. The boost in cashflow allows a second project to start before the first has been completed in its entirety.
Another positive trend we are seeing is the increase in the number of purchases of commercial properties. Any businesses that were renting have recognised the need to secure their financial future with the purchase of their own property. This is a positive for the business owner and also for the current landlord, as they are able to release equity through the sale. Commercial mortgage rates are incredibly competitive at the moment and owning your own commercial property can also yield positive capital gains.
We are predicting a continual rise in the need for property finance over the coming months and our team are well positioned to assist. For help please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.