United Trust Bank’s bridging team has completed a bridging loan in six working days despite the challenges presented by the Covid-19 lockdown.
LendInvest has limited the loan-to-values for bridging loans to 70% for residential property and 60% for commercial property.
The Federation of Small Businesses (FSB) has partnered with Tide to launch a Coronavirus Government Support Eligibility Checker to enable SMEs to see if they are eligible for any financial support from the government.
The government wants to know where the gaps are in its support for businesses in response to the coronavirus.
The government and the Bank of England need to take urgent action to support the non-bank lending market says the Finance & Leasing Association (FLA).
The Association of Short Term Lenders (ASTL) has encouraged all businesses in the short-term lending market to use this period to ensure that they are in good shape to help clients.