8 Ways to Finance Home Improvements

The 8 Best Ways to Finance Home Improvements

11-June-2024
11-June-2024 16:35
in Development
by Sam Hodgson
8 Ways to Finance Home Improvements

The time has come in your journey as a homeowner - you're refurbishing your house and looking for the best ways to finance your home improvements. You might be giving your property a total makeover, or you might be making changes to a rental property. Refurbishment costs can add up, and in a s...

Interest Only Vs Repayment Mortgages: Which Is Better?

Interest Only Vs Repayment Mortgage: Which Is Best?

10-June-2024
10-June-2024 14:52
in Mortgage
by Sam Hodgson
Interest Only Vs Repayment Mortgages: Which Is Better?

Making a decision between an interest-only or repayment mortgage is an important financial decision. Here, we look at the key differences between these mortgage products and how a specialist mortgage advisor can help you choose the right mortgage for you and your circumstances. When ...

Can I get a mortgage for 5 or 6 times my salary

Can I Get A Mortgage For 5 Or 6 Times My Salary?

10-June-2024
10-June-2024 11:11
in Mortgage
by Jennifer Stevenson
Can I get a mortgage for 5 or 6 times my salary

Is it possible to borrow more than 5 times your salary? Amidst high interest rates, mortgage affordability is on the mind more than ever. It’s not just hard-pressed first-time buyers who need to maximise their salaries' borrowing potential to get a toe-hold on the property ladder.  Even...

Business Loan Eligibility – 9 Things to Know

Business Loan Eligibility – 9 Things to Know

07-June-2024
07-June-2024 16:19
in Commercial
by Sam Hodgson
Business Loan Eligibility – 9 Things to Know

Business loan eligibility - There are a variety of business finance solutions out there, all with varying criteria, risk profiles and purposes. A business loan could be the best next step for your business, helping you expand the company and start a new chapter. But what do you need to have in plac...

How to get a professional mortgage

How To Get A Professional Mortgage

07-June-2024
07-June-2024 15:11
in Mortgage
by Jennifer Stevenson
How to get a professional mortgage

As a professional with hard-won qualifications and a structured career path, you could be eligible for a professional mortgage to match.  There are 8 ways you could be entitled to a better mortgage as a professional within an established industry. Some UK mortgage lenders offer prof...

How To Invest in Prime Central London Property

How To Invest in Prime Central London Property

06-June-2024
06-June-2024 11:46
in Private clients
by Sam Hodgson
How To Invest in Prime Central London Property

The PCL property market has demonstrated remarkable resilience amidst economic challenges, positioning itself for a promising outlook in 2024. As the UK economy is expected to grow, putting the property market on a more optimistic track, the PCL sector has already showcased its strength. In 2023, ...

The Best Areas in London for Property Investment

The Best Areas in Prime Central London for Property Investment

06-June-2024
06-June-2024 9:52
in Private clients
by Sam Hodgson
The Best Areas in London for Property Investment

Prime Central London's allure as an investment destination is undeniable. While property values in the city centre are among the highest in the world, the area's enduring appeal, limited supply, and strong demand from affluent buyers contribute to its resilience and potential for capital appreciatio...

How Much Does A Bridging Loan Cost?

How much does a bridging loan cost?

05-June-2024
05-June-2024 12:32
in Bridging
by Jennifer Stevenson
How Much Does A Bridging Loan Cost?

Bridging loans typically cost 1-2% of your loan size, charged as an arrangement fee by your lender.  You also usually pay: A monthly interest rate Valuation or survey fees Legal fees Broker fees Other admin fees, such as drawdown and redemption fees This might seem like a l...

Moving from London to the Southwest

Moving to the South West from London | Property & Education

04-June-2024
04-June-2024 9:42
in Mortgage
by Sam Hodgson
Moving from London to the Southwest

For the past decade, families are increasingly finding themselves priced out of London and are opting for greener cities and commuter towns. You’ve spent the past decade or two enjoying the best of London’s many amenities, but it’s time to relocate. It’s a predicament more a...

51% of SME Finance Provided by Specialist Lenders

NEWS: 51% of SME Finance Provided by Specialist Lenders

04-June-2024
04-June-2024 9:41
in Commercial
by Sam Hodgson
51% of SME Finance Provided by Specialist Lenders

Recent data has revealed a shift in the SME finance landscape - we explain why According to The National Association of Commercial Finance Brokers (NACFB), in 2023, more than half of broker-led SME lending was facilitated through challenger and specialist banks, capturing a combined market share of...

How to Convert a Buy to Let to a HMO

How to Convert a Buy to Let to an HMO

04-June-2024
04-June-2024 9:40
in Development
by Sam Hodgson
How to Convert a Buy to Let to a HMO

If you convert a current buy to let to an HMO, you could generate over three-times the rental income. But there are some factors to consider.  In an era where diversification and resilience are paramount in investment strategies, the allure of House in Multiple Occupation (HMO) properties stan...

Landlords Are Improving EPC on Rental Properties – Here's Why

NEWS: Landlords Are Improving EPC on Rental Properties – Here's Why

04-June-2024
04-June-2024 9:39
in Development
by Sam Hodgson
Landlords Are Improving EPC on Rental Properties – Here's Why

Over one third of landlords are improving the EPC on rental properties, despite last year's U-turn in legislation for greener buy-to-lets. Research by Paragon’s Portfolio Landlord Report 2024 has revealed that almost 4 in 10 (37%) portfolio landlords plan to upgrade their properties to EPC C ...

Property Market Update: Buyer Demands 11% Higher in 2024

Property Market Update: Buyer Demand 11% Higher in 2024

04-June-2024
04-June-2024 9:38
in Mortgage
by Sam Hodgson
Property Market Update: Buyer Demands 11% Higher in 2024

In our property market update, research shows a renewed demand for property among property investors and first time buyers.  In this article, we take a look at the key changes in the UK property market since 2023. Research across multiple lenders has shown that the new year brought a restored ...

Bridging Loans: How Much Can I Borrow?

Bridging Loans: How Much Can I Borrow?

31-May-2024
31-May-2024 17:43
in Bridging
by Sam Hodgson
Bridging Loans: How Much Can I Borrow?

How much can you borrow with a bridging loan? Do you need a short-term finance solution to inject cash quickly without the waiting time of traditional longer-term borrowing? Short-term finance such as bridging loans can be a very helpful form of finance for the right borrower, depending on your cir...

Are mortgage rates going down

NEWS: Are mortgage rates going down? [June 2024]

31-May-2024
31-May-2024 14:46
in News
by Sam Hodgson
Are mortgage rates going down

Inflation is at its lowest level in three years, and financial experts say mortgage rates mortgage rates could drop in June. According to the Consumer Price Index, inflation is at 2.4%, only 0.4% above the government's target of 2%. While inflation isn't dropping as quickly as many have hoped, it m...

Release Equity for Home Improvements

How to Release Equity for Home Improvements

31-May-2024
31-May-2024 9:53
in Mortgage
by Sam Hodgson
Release Equity for Home Improvements

If you already have a portion of your mortgage paid off, you may be able to release equity for home improvements and finance your next property refurbishments. If you're a homeowner, it's likely that you'll need to make changes to your property at some point. These improvements can be as simpl...

5 Ways to get into UK property development for the first time

5 Ways To Get Into UK Property Development For The First Time

30-May-2024
30-May-2024 16:39
in Development
by Jennifer Stevenson
5 Ways to get into UK property development for the first time

When you apply for development finance, lenders will typically put a lot of weight on the success of your past projects, making it notoriously tricky to get into UK property development for the first time. You’re ready to join the 2.5 million property investors in the UK and start building yo...

bank statements for mortgage

A Guide to Bank Statements When Applying for a Mortgage

28-May-2024
28-May-2024 12:11
in Mortgage
by Sam Hodgson
bank statements for mortgage

Whether you’re applying for a first time buyer mortgage, a buy to let mortgage, a development loan or any other type of property finance, you’ll need to provide your recent bank statements to your mortgage lender. In this guide, we look at why mortgage lenders ask for your bank sta...

how to get a self employed mortgage

Self Employed Mortgage - How to Improve your Chances of Getting One in 2024

24-May-2024
24-May-2024 16:34
in Mortgage
by Sam Hodgson
how to get a self employed mortgage

Whether you're a company director or a sole trader, you've probably noticed that high-street mortgage lenders have stricter lending criteria for self-employed mortgage applications.  With the strain on the economy and small businesses in recent years, banks have been tightening their restricti...

How Much Will My Mortgage Go Up in 2024

NEWS: How Much Will My Mortgage Go Up in 2024?

24-May-2024
24-May-2024 9:34
in News
by Sam Hodgson
How Much Will My Mortgage Go Up in 2024

If you're remortgaging in 2024, your mortgage payments could go up by as much as £500 - £1000 a month.  For the best part of this year, mortgage rates have been hovering around 5%, far higher than the record-low rates seen in 2021. Given these figures, you may wonder how ...

Selective Invoice Finance

What Is Selective Invoice Finance? Explained

23-May-2024
23-May-2024 15:16
in Commercial
by Sam Hodgson
Selective Invoice Finance

One of the greatest problems to face small businesses (and even large ones), is that of cashflow. Having the available capital on hand to pay your financial responsibilities as the months pass can be a constant juggling act between your outgoings and timing your invoices. When waiting for 30, 60 o...

Market Size Formula

Market Size Formula | Step by Step Calculation

23-May-2024
23-May-2024 14:03
in Commercial
by Sam Hodgson
Market Size Formula

When considering a new business or launching a new product, understanding its chances of success is essential. One of the most important metrics in determining whether there is a need for your business idea is to calculate the market size - only by doing so can you work out if there are really enou...

Buying London Real Estate as a US Citizen

Buying Property in London as a US Citizen: 9 Things You Need to Know

20-May-2024
20-May-2024 15:42
in International
by Jennifer Stevenson
Buying London Real Estate as a US Citizen

If you're interested in buying property in London as a US citizen, you're not alone. And if you're wondering how easy it is to get a UK mortgage as a non-UK national, the good news is there are plenty of specialist lenders who will be willing to make you an offer. The UK property market is the...

How to Get a Limited Company Buy to Let Mortgage

How to Get a Limited Company Buy to Let Mortgage

17-May-2024
17-May-2024 16:31
in Mortgage
by Sam Hodgson
How to Get a Limited Company Buy to Let Mortgage

Is it better to buy a buy to let property through a limited company or special purchase vehicle (SPV)?  Whether you're buying your first investment property, or are an established private landlord, the tax benefits of mortgaging your property through a limited company can be sig...

How to Work Out Corporation Tax

How to Work Out Corporation Tax - Step by Step

16-May-2024
16-May-2024 15:18
in Commercial
by Sam Hodgson
How to Work Out Corporation Tax

Stepping into the world of business and becoming a company director is exciting but it can also be nerve-wracking, especially when the idea of corporation tax rears its head. Understanding how to work out corporation tax can be complicated - and while we can’t cover every fine detail in thi...

claim vat back

How to Claim VAT Back

16-May-2024
16-May-2024 14:55
in Commercial
by Sam Hodgson
claim vat back

Table of Contents What is VAT?What Businesses Have to Charge VAT?Claiming UK VAT Back on Goods…on Services…on Utilities…on Previous Costs…on Rent…on Shared Expenses…on Business Trips…on Marketing…on Entertaining…on Vehicles…on Fu...

How to run a business

How To Run A Business Successfully | 10 Essential Steps

16-May-2024
16-May-2024 13:27
in Commercial
by Sam Hodgson
How to run a business

Building a successful business is a combination of myriad factors, but simple luck doesn’t need to be one of them. With all our experience at Clifton Private Finance, we’ve selected our top 10 pieces of expert advice on how to run a successful business - give your business a boost by rea...

Equity Financing

A Guide to Equity Financing

15-May-2024
15-May-2024 13:55
in Commercial
by Sam Hodgson
Equity Financing

Funding a company can be tough - and it’s rare to do it alone. Having the capital needed to invest in the future while maintaining strong cashflow to keep business operations running means there is a constant need for cash. When looking to inject cash from outside the business, there are two...

Can you add stamp duty to your mortgage?

Can You Add Stamp Duty To Your Mortgage?

14-May-2024
14-May-2024 15:40
in Mortgage
by Sam Hodgson
Can you add stamp duty to your mortgage?

What is stamp duty, and is it possible to add it to your mortgage? This guide explains the ins and outs.  When buying a home, getting caught out by a higher stamp duty tax bill than you expect is the last thing you need. If you can’t afford it, it could mean reducing the deposit you can...

Should You Get a Tracker or Fixed Rate Mortgage in 2024?

Should You Get a Tracker or Fixed Rate Mortgage in 2024?

10-May-2024
10-May-2024 17:37
in Mortgage
by Sam Hodgson
Should You Get a Tracker or Fixed Rate Mortgage in 2024?

The Bank of England has announced that it's keeping the base rate at 5.25%. We're taking a snapshot of the best rates available on the market today for fixed and tracker mortgage products to see how they compare. With higher interest rates driving up costs, many are asking what this means for our m...

9 Best Places to Live in the UK for Expats and Foreign Nationals

The 9 Best Places to Live in the UK | 2024

10-May-2024
10-May-2024 14:20
in International
by Sam Hodgson
9 Best Places to Live in the UK for Expats and Foreign Nationals

Moving to the UK? We've put together a list of the best places to live in the UK if you're an expat or foreign national, rated for affordability, lifestyle, work opportunities and overall happiness.  Moving to a new country is a monumental decision that opens the door to fresh experiences, dif...

Finance Lease vs Operating Lease

Finance Lease vs Operating Lease Compared

09-May-2024
09-May-2024 12:34
in Commercial
by Sam Hodgson
Finance Lease vs Operating Lease

One of the biggest questions we're asked in regard to asset finance is that of finance lease vs operating lease, and which is better. Here at Clifton Private Finance, we regularly talk to our clients about which type of asset finance lease product is right for them, as it’s easy to be confuse...

Business Startup Grants

5 Business Startup Grants & How To Apply

09-May-2024
09-May-2024 11:01
in Commercial
by Sam Hodgson
Business Startup Grants

Helping startup businesses is a key part of the UK government’s plan, so there are plenty of financial incentives out there to get your company off the ground and grow it in the early days. One such helping hand are business startup grants - capital provided to your company that you don&...

How to Get a UK Mortgage When Living Abroad

How To Get A UK Mortgage When Living And Working Abroad

03-May-2024
03-May-2024 17:56
in International
by Jennifer Stevenson
How to Get a UK Mortgage When Living Abroad

It's certainly possible to get a UK mortgage while living abroad, but applying for a UK mortgage as an expat can have its challenges. Being based overseas makes it that bit harder for lenders to establish your earnings and check your credit history. You may find that you need to give your credit s...

Capital Employed Formula

Capital Employed Formula | Calculations Explained

03-May-2024
03-May-2024 9:25
in Commercial
by Sam Hodgson
Capital Employed Formula

There are a number of metrics that can be used to show a company’s efficiency and profitability. One example is capital employed which is used to calculate return on capital employed or ROCE. ROCE is a ratio that directly describes profitability. So, what is the capital employed formula and w...

How can startups get funding

How can startups get funding? 8 Methods

02-May-2024
02-May-2024 13:07
in Commercial
by Sam Hodgson
How can startups get funding

So, you want to start up a business, but you don’t have the capital to fund your idea and have no idea how to get it - don’t worry, at Clifton Private Finance, we have the expertise needed to help you get the perfect business startup funding. How can startups get funding? The 8 mo...

Will house prices drop in the UK in 2024

NEWS: Will House Prices Drop in the UK in 2024?

01-May-2024
01-May-2024 10:15
in News
by Sam Hodgson
Will house prices drop in the UK in 2024

House prices have begun to rise unexpectedly in 2024 - but is a drop still expected? The average UK house price has been increasing gradually since the beginning of this year, contrary to expectation. This is primarily down to increased buyer activity in the early months of 2024, which could indica...

Can You Use Bonus Income and Commission Payments Towards Your Mortgage?

Can You Use Bonus Income and Commission Payments Towards Your Mortgage?

24-April-2024
24-April-2024 12:36
in Mortgage
by Sam Hodgson
Can You Use Bonus Income and Commission Payments Towards Your Mortgage?

We're increasingly asked whether you can use your bonus and commission as income towards your mortgage. On-target earnings (OTEs), commission-based salaries and large annual bonus payments are becoming increasingly common in today’s corporate world. The effectiveness of commission and bonus ...

Asset Refinance

Asset Refinance | What You Should Know

24-April-2024
24-April-2024 12:27
in Commercial
by Sam Hodgson
Asset Refinance

One of the many financial products available to businesses to help with capital and cash flow, asset refinance is an effective method for raising cash based on your ownership of assets listed on your balance sheet. Asset refinance, a subset of asset finance, provides an injection of instant capita...

Buy Now Pay Later for Businesses

Buy Now Pay Later for Businesses

24-April-2024
24-April-2024 9:53
in Commercial
by Sam Hodgson
Buy Now Pay Later for Businesses

Spreading the cost of payments has been a feature of both personal and business finance for decades, but as technology speeds up the sector, adding new and innovative ways of financing, can ’buy now, pay later’ (BNPL) systems really offer businesses in the UK a better and more flexible w...

How important is your UK credit score to getting a UK expat mortgage

How Important Is Your UK Credit Score To Getting A UK Expat Mortgage?

24-April-2024
24-April-2024 9:22
in International
by Sam Hodgson
How important is your UK credit score to getting a UK expat mortgage

With any mortgage application, your credit history and score are major factors considered by lenders. So, if you’re an expat living and working abroad, and looking to buy in the UK, you may be worrying that your lack of UK credit history will prevent you from securing a good mortgage deal. Th...

Can You Get A Self Employed Mortgage With Only One Year’s Accounts?

Can You Get A Self Employed Mortgage With Only One Year's Accounts?

23-April-2024
23-April-2024 17:26
in Mortgage
by Sam Hodgson
Can You Get A Self Employed Mortgage With Only One Year’s Accounts?

The short answer is: yes, you can get a self employed mortgage with only one year's accounts.  But it is generally more difficult than if you have several years of accounts, as you'll have fewer lenders to choose from. It could also be more expensive, because lenders may offer you higher ...

Business Debt Consolidation Loans

Business Debt Consolidation Loans | What You Should Know

19-April-2024
19-April-2024 13:49
in Commercial
by Sam Hodgson
Business Debt Consolidation Loans

One of the many tools available for businesses to smooth their financial problems in times of stress is the consolidation business loan. But what is a consolidation loan, how do they work, are they 'worth it', and how can it help your company recover from stretched finances? Read on… Table o...

EORI Number UK

Do you need a UK EORI number for International Trade?

19-April-2024
19-April-2024 11:06
in Commercial
by Sam Hodgson
EORI Number UK

If your business is looking to expand and trade internationally, you will need an EORI number as part of the process. This is the Economic Operators Registration and Identification Number and allows customs to identify the business attached to any imports and exports. In the UK, there are two EORI ...

6 Home Improvements That Add the Most Value

6 Home Improvements That Add the Most Value

18-April-2024
18-April-2024 9:18
in Development
by Sam Hodgson
6 Home Improvements That Add the Most Value

We explore the top 6 home improvements that increase value when selling a home. In the property world, the adage "location, location, location" often takes precedence, but savvy homeowners understand that a property's condition and presentation can significantly impact its value.  Home renova...

Unlocking Savings: Is switching mortgage lenders really worth it?

Unlocking Savings: Is switching mortgage lenders really worth it?

17-April-2024
17-April-2024 16:15
in News
by Sam Hodgson
Unlocking Savings: Is switching mortgage lenders really worth it?

Remortgaging every few years can save you thousands over your mortgage term, but new evidence suggests that more people are opting to stay with their current deal instead of exploring other options. In a study conducted by Money Supermarket, an estimated 60% of homeowners are prepared to pay more t...

How To Get Fast Property Auction Finance

How To Get Fast Property Auction Finance

16-April-2024
16-April-2024 10:37
in Private clients
by Sam Hodgson
How To Get Fast Property Auction Finance

Property auction finance must be quick and efficient to keep up with the fast-paced and competitive nature of property auctions. This is why a standard mortgage usually doesn't work for auction finance. They take too long to arrange (typically a number of months), with affordability checks based on...

Getting a Mortgage for a Mixed Use Property

How to Get a Mixed Use Property Mortgage

15-April-2024
15-April-2024 16:37
in Commercial
by Jennifer Stevenson
Getting a Mortgage for a Mixed Use Property

A mixed-use mortgage is a finance solution used to fund the purchase of properties that aren't solely commercial or residential.  Are you considering buying a shop or office premises with a flat above? Or maybe a one-time pub with a landlord’s accommodation? If so, you’ll need...

Finance Lease

Finance Lease | The Complete Guide

12-April-2024
12-April-2024 9:58
in Commercial
by Sam Hodgson
Finance Lease

Asset finance is one of the most important financial products available for businesses in the UK, providing companies with the ability to expand and develop their businesses with the physical tools that are essential to go about their work. While it comes in multiple forms, for many, the primary li...

Get a Large Interest Only Mortgage

Large Interest Only Mortgages - How to Get One

11-April-2024
11-April-2024 16:55
in Private clients
by Sam Hodgson
Get a Large Interest Only Mortgage

A large interest only mortgage can be a suitable funding solution for individuals with complex income streams and wealth structures. They provide a level of debt flexibility that repayment mortgages can't match.  But who are interest-only mortgages for, what are their benefits, and h...

bridging loan deposit

What Deposit Do You Need For A Bridging Loan?

08-April-2024
08-April-2024 14:22
in Bridging
by Sam Hodgson
bridging loan deposit

Generally, you'll need a deposit for a bridging loan or equity of at least 20-40%. However, lenders can vary on requirements, and the specifics of your circumstances can change things. So, how exactly does it work, and what are the rules? A lot can depend on the equity used to secure your bri...

Trade Finance

Trade Finance | The Complete Guide

05-April-2024
05-April-2024 12:32
in Commercial
by Sam Hodgson
Trade Finance

Covering a wide range of financial products for businesses that operate internationally, trade finance is an essential component of the financial toolbox for exporters and importers. This guide provides everything you need to know understand trade finance in greater depth, and how to expand yo...

Small Business Financing

Small Business Financing | The 11 Best Options Compared

04-April-2024
04-April-2024 13:56
in Commercial
by Sam Hodgson
Small Business Financing

Understanding the options available for small business financing is essential to make sure you obtain financial products that help your company, rather than those that put it under additional unwanted pressure.  Keeping the money flowing is a constant pressure for small business directors and ...

How to Get a Bridging Loan for an HMO

How To Get A Bridging Loan For An HMO

03-April-2024
03-April-2024 15:05
in Bridging
by Admin
How to Get a Bridging Loan for an HMO

HMO bridging finance - As HMO grow in popularity, we explain how bridging loans can be used to convert a property to an HMO. Landlords are increasingly focusing on Houses of Multiple Occupation (HMO) to increase their ROI. One of the advantages of having an HMO over a regular buy to let is that yo...

How to get a loan for an unmortgageable house

How To Get a Loan for an Unmortgageable House

02-April-2024
02-April-2024 16:21
in Mortgage
by Jennifer Stevenson
How to get a loan for an unmortgageable house

You can get finance to buy an unmortgageable house - but not necessarily via the traditional 'mortgage' route... Bargain-hunting property investors love unmortgageable properties. Packed with potential: competing buyers are scared off by the difficulties in securing finance. But how can you e...

How to get a joint mortgage with a non-UK national partner or spouse

How to Get a Joint Mortgage with a Non-UK National Partner or Spouse

02-April-2024
02-April-2024 14:23
in International
by Jennifer Stevenson
How to get a joint mortgage with a non-UK national partner or spouse

Getting a joint mortgage where one partner is not a UK national can be challenging. We have a strong track record in matching international clients with the lending they need. This guide explains why it can be difficult and what you can do to improve your chances. Skip to: Why Is it Difficult? 3 ...

Is A 1% Deposit Mortgage Worth It? | 99 LTV Mortgage

Is a 1% Deposit Mortgage Worth It? | 99 LTV Mortgage

29-March-2024
29-March-2024 12:46
in Mortgage
by Sam Hodgson
Is A 1% Deposit Mortgage Worth It? | 99 LTV Mortgage

A new low loan-to-value mortgage product could make mortgages more accessible for first-time buyers.  Jeremy Hunt might have scrapped the 99% mortgage scheme, but that hasn’t stopped one lender from releasing their own 99% loan-to-value product. It could allow buyers to secure ...

Buy To Let Business

Buy to Let Business | The Complete Guide

28-March-2024
28-March-2024 9:20
in Mortgage
by Sam Hodgson
Buy To Let Business

Being a landlord can be a very lucrative business. Even when the property market struggles, long-term investment in property has shown itself historically to be a stable venture. Plus, it can become a flexible and scalable business enterprise. With a range of advantages, from tax benefits through ...

How to Calculate Business Profit

How to Calculate Business Profit

27-March-2024
27-March-2024 16:47
in Commercial
by Sam Hodgson
How to Calculate Business Profit

Profit - the primary way of seeing whether your company is successful (making a profit), or struggling (not making a profit). But how do you truly calculate profit, what does it mean, and what are the impacts on your business planning? Join us as we dive into exactly how to calculate profit. ...

How Can I Switch to a Buy to Let Mortgage?

How to Switch to a Buy to Let Mortgage

27-March-2024
27-March-2024 14:22
in Mortgage
by Sam Hodgson
How Can I Switch to a Buy to Let Mortgage?

Switching to a buy to let from a residential mortgage can be daunting, especially if you’re unsure if you’ll pay any early repayment charges or mortgage set-up fees. But if it can unlock the rental potential of your current residential property and help fund your ambitions to move or go...

How do Mortgage Interest Rates Work

How Do Mortgage Interest Rates Work?

26-March-2024
26-March-2024 17:10
in Mortgage
by Sam Hodgson
How do Mortgage Interest Rates Work

Your mortgage interest rate is one of the most important factors to consider when buying a home - so how does it work? Interest is charged on every pound you borrow, so the higher the rate, the more you’ll pay back. With this in mind, it’s a good idea to understand the different types ...

How to get a mortgage for a grade 2 listed house

How To Get A Mortgage For A Grade 2 Listed House

26-March-2024
26-March-2024 14:19
in Mortgage
by Jennifer Stevenson
How to get a mortgage for a grade 2 listed house

If you are looking for a mortgage or short-term finance for a grade 2 listed home, you may come up against a few challenges in finding a lender who will consider this type of property. When you hear the phrase ‘listed building’, you might think of a stately home or some other grand stru...

Credit For Businesses

Credit for Businesses | The 13 Best Options Compared

26-March-2024
26-March-2024 13:47
in Commercial
by Sam Hodgson
Credit For Businesses

Every business needs money to run, more money to stabilise, and even more money to expand and succeed. While a simplistic model of self-sustainability may work for micro businesses, for enterprises designed to thrive, it's necessary to look to support from the financial service industry. In short, ...

refurbishment finance for your next property renovation

A Full Guide To Financing Your Next Property Renovation: Refurbishment Bridging Loans

25-March-2024
25-March-2024 16:08
in Development
by Sam Hodgson
refurbishment finance for your next property renovation

Whether you're an established developer with a large property portfolio or a first-time investor just getting into property investment, refurbishment finance can be an extremely useful tool to help you take advantage of those golden opportunities that come your way. So, what is refurbishment f...

How to get a renovation mortgage

How To Get A Renovation Mortgage

22-March-2024
22-March-2024 15:47
in Development
by Jennifer Stevenson
How to get a renovation mortgage

A renovation mortgage is designed to help property owners finance the cost of renovating or remodelling their property. Whether you're a first-time buyer, a property developer, or anywhere in between, choosing the right finance for buying a renovation property is as important as choosing the d...

Bank of England Base Rate Staying at 5.25%

Bank of England Holding Base Rate at 5.25%: What it Means for Your Mortgage

22-March-2024
22-March-2024 15:26
in Mortgage
by Sam Hodgson
Bank of England Base Rate Staying at 5.25%

Financial experts generally agree on one thing: that the base rate will drop in 2024. However, property owners want to know when they will see a drop in interest rates.   The Monetary Policy Committee is responsible for setting the bank rate. In their most recent meeting on March 21s...

What is Cash Flow in Business

What is Cash Flow in Business

21-March-2024
21-March-2024 15:30
in Commercial
by Sam Hodgson
What is Cash Flow in Business

Simply put, cash flow is the movement of cash into and out of your business. Cash in represents payments you take from clients and customers, and cash out is the money you spend on running your business. When cash in is larger than cash out, then you have positive cash flow, and your business is gr...

Small Business Loan UK

Small Business Loans UK - 5 Things To Know

21-March-2024
21-March-2024 11:24
in Commercial
by Sam Hodgson
Small Business Loan UK

Statistics published by the UK government at the tail end of 2023 show that out of the 5.6 million private sector businesses in the country, 5.51 million of them are classed as ‘small businesses’, meaning they have less than 50 employees. Given that 95.4% of private sector companies are...

Can I Remortgage Early On A Fixed Rate?

Can I Remortgage Early On A Fixed Rate?

21-March-2024
21-March-2024 8:47
in Mortgage
by Sam Hodgson
Can I Remortgage Early On A Fixed Rate?

There are many reasons you may be asking, "Can I remortgage early?" - from releasing equity to securing better interest rates. But there are a few obstacles you may need to overcome if you want to exit your mortgage deal before it's finished. You're considering switching your mortgage deal but are ...

How to Get Refurbishment Finance for a Buy to Let Property

How to Get Refurbishment Finance for a Buy to Let Property

20-March-2024
20-March-2024 16:33
in Bridging
by Jennifer Stevenson
How to Get Refurbishment Finance for a Buy to Let Property

Buy to let refurbishment finance can empower you to take advantage of investment opportunities by providing funding quickly. You've spotted a fixer-upper that could generate handsome rental income with some TLC. Projects like this can offer huge ROI, but it can be difficult to get a mortgage fo...

Can I Remortgage If I Own My House Outright?

Can I Remortgage If I Own My House Outright?

15-March-2024
15-March-2024 16:12
in Mortgage
by Sam Hodgson
Can I Remortgage If I Own My House Outright?

You may wonder if you can remortgage your house if you own it outright. When you own an unencumbered (mortgage-free) property, you can use its value as security for a new mortgage and release some of the capital locked up in it. An unencumbered remortgage will give you access to a lum...

Government Start Up Loans

Government Start Up Loans

15-March-2024
15-March-2024 15:43
in Commercial
by Sam Hodgson
Government Start Up Loans

One of the questions that many people considering starting a new business ask is: ‘what financial help is there?’ Thankfully, the answer to that is: ‘lots’. In the UK, one of the first places people might like to consider looking is to the government itself, in the form of ...

How to remortgage a buy to let property

How To remortgage A Buy To Let Property

15-March-2024
15-March-2024 15:14
in Mortgage
by Sam Hodgson
How to remortgage a buy to let property

You may be considering if the time is right to remortgage your buy to let property. You could find a better deal or release some equity for further property investment.  Here we explore why you might want to remortgage a buy-to-let property (BTL), what considerations you need to make,...

What Is A Buy To Let Mortgage Stress Test And Will I Pass It?

What Is A Buy To Let Mortgage Stress Test And Will I Pass It?

15-March-2024
15-March-2024 15:05
in Mortgage
by Sam Hodgson
What Is A Buy To Let Mortgage Stress Test And Will I Pass It?

A buy to let stress test is a process that most landlords go through when purchasing a property to rent. But how is it used, and how does it affect your mortgage eligibility? The stress income cover ratio (SICR) is the calculation lenders apply to determine your affordability of a buy to let (BTL) ...

Securing a land mortgage in 2024

How to Secure a Land Mortgage in 2024

13-March-2024
13-March-2024 16:10
in Mortgage
by Sam Hodgson
Securing a land mortgage in 2024

We explore the intricacies of securing a land mortgage in 2024, providing expert insights and tips to help you navigate the process with confidence. What is a Land Mortgage? Land mortgages are specialised loans designed for purchasing land. They differ from standard residential mortgages due to th...

Bridge to Let Loans: What You Need to Know

Bridge to Let Loans: What You Need to Know

13-March-2024
13-March-2024 14:26
in Bridging
by Sam Hodgson
Bridge to Let Loans: What You Need to Know

Bridge to let loans are flexible finance solutions for buy to let and investment properties. In many circumstances, they can empower you to act like a cash buyer if you are experiencing a short-term funding gap. These loans are most commonly used when: You don't have the cash to hand and need fu...

2024 Spring Budget: What it Means for SMEs

2024 Spring Budget - What it Means for SMEs

08-March-2024
08-March-2024 12:06
in Mortgage
by Sam Hodgson
2024 Spring Budget: What it Means for SMEs

Cuts to National Insurance, an increased VAT threshold, and frozen alcohol duty—will these help businesses in the cost-of-living crisis?  Chancellor Jeremy Hunt’s Spring Budget has indeed been wrought with controversy since its announcement on Wednesday. The primary change that has...

Spring Budget 2024: 5 Key Takeaways for the Property Market

Spring Budget 2024: 5 Key Takeaways for the Property Market

08-March-2024
08-March-2024 10:59
in Mortgage
by Sam Hodgson
Spring Budget 2024: 5 Key Takeaways for the Property Market

Property owners are left wondering what to expect after the Chancellor proposed changes to short-term lets, capital gains tax, and the non-domicile status.  Chancellor Jeremy Hunt announced in his Spring Budget that the government plans to scrap multiple dwellings relief and the furnished holi...

How to Value a Business

How to Value a Business

06-March-2024
06-March-2024 14:48
in Commercial
by Sam Hodgson
How to Value a Business

Understanding the worth of your business is a complicated calculation that may not have been considered in some time. When a situation arises where the financial value of your business is needed, it is often necessary to calculate the value from scratch. But how do you go about making a business va...

NEWS: Best Place to Invest in Property 2024 Revealed

NEWS: Best Place to Invest in Property 2024 Revealed

04-March-2024
04-March-2024 13:57
in Mortgage
by Sam Hodgson
NEWS: Best Place to Invest in Property 2024 Revealed

High rental demand and growing property prices – here's why Bristol is the UK’s newest buy to let hotspot  According to Aldermore’s Buy to Let Tracker, Bristol has been named the Best City for Property Investment in 2024. The decision is based on five key factors: average ren...

Major Lender Offers New 5-year Fix with No ERCS

Is Now the Time to Switch? Major Lender Offers New 5-year Fix with No ERCS

04-March-2024
04-March-2024 10:09
in Mortgage
by Sam Hodgson
Major Lender Offers New 5-year Fix with No ERCS

Mortgage rates are at their lowest since 2021, but consumers are stumped over whether now is the time to commit to a new deal.   A major lender has released an innovative new product allowing customers the ability to lock in the market’s current rates, but flexibility to switch prod...

Buying a House in the UK From Abroad - The 2024 Guide

Buying a House in the UK From Abroad

01-March-2024
01-March-2024 15:02
in International
by Sam Hodgson
Buying a House in the UK From Abroad - The 2024 Guide

There are a lot of myths and misconceptions about buying a house in the UK from abroad. Is it possible? The answer is a resounding YES. You might be a foreign national looking to invest in the UK property market or an expat looking to return to the UK. Either way, it's important to know that there ...

Home Improvement Loans – The 7 Best Options

Home Improvement Loans - The 7 Best Options

01-March-2024
01-March-2024 10:03
in Private clients
by Sam Hodgson
Home Improvement Loans – The 7 Best Options

You’re looking to refurbish your property, but you need funding – here are the seven best home improvement loans for your next project.   The time has come for you to redecorate. Whether you’re a homeowner tired of looking at an old kitchen or a landlord replacing a leak...

Revolving Credit Facility

Revolving Credit Facility | The Best Options Compared

29-February-2024
29-February-2024 10:52
in Commercial
by Sam Hodgson
Revolving Credit Facility

A revolving credit facility, sometimes called a “line of credit”, is one of the more powerful tools available to businesses looking to manage their cashflow, but how does it work and what makes it different to the other types of business finance? More importantly - how can you use a revo...

How to Get a Skilled Worker Visa Mortgage

How to Get a Skilled Worker Mortgage

29-February-2024
29-February-2024 9:21
in International
by Sam Hodgson
How to Get a Skilled Worker Visa Mortgage

You may be wondering if you can buy a house in the UK on a skilled worker visa - and the answer is a resounding yes! There are some additional challenges, but it is very much possible with the right lender. A Skilled Worker Visa (also known as the Tier 2 visa before Decembe...

How to refinance a UK property

How To Refinance a Property in the UK

27-February-2024
27-February-2024 14:38
in Mortgage
by Jennifer Stevenson
How to refinance a UK property

It's common to refinance a property during your mortgage term. Over time, interest rates will fluctuate, and you will build up equity in your property, allowing you to switch to more advantageous products. The average mortgage term is 30 years, but you won't typically be on the same mortgage deal f...

How Do Business Loans Work

How Do Business Loans Work?

26-February-2024
26-February-2024 16:23
in Commercial
by Sam Hodgson
How Do Business Loans Work

You know that you need capital for your business, you know that you can get a loan to help, and you know that it means having to pay back money over time, but really, how do business loans work?  At Clifton Private Finance, we’re here to tell you.  How Business Loans Work - The Bas...

Supply Chain Finance

Supply Chain Finance

23-February-2024
23-February-2024 16:09
in Commercial
by Sam Hodgson
Supply Chain Finance

Managing cashflow is an important aspect for any business, but it is rare that you truly consider your supplier’s cashflow - after all, someone else’s business is their business, right? This approach can be somewhat shortsighted, however. Making an assumption that they’re in a bet...

Franchise Finance

Franchise Finance

23-February-2024
23-February-2024 14:00
in Commercial
by Sam Hodgson
Franchise Finance

Opening a franchise is a secure way to own a business - and more importantly, a profitable business. Statistics published in a 2018 joint report between the British Finance Association (BFA) and NatWest, show that 93% of franchises were considered profitable in 2018. While those figures (the lates...

Construction-Mortgages-And-How-To-Get-One

The Beginner's Guide to Construction Loans

22-February-2024
22-February-2024 10:06
in Development
by Admin
Construction-Mortgages-And-How-To-Get-One

Development finance lenders exist to provide construction loans to individuals and companies to make the best return possible over the shortest space of time, at the least possible risk. It's their raison d'être. On the other hand, you have a terrific development opportun...

Asset Based Lending

Asset Based Lending | Everything You Need To Know

21-February-2024
21-February-2024 14:58
in Commercial
by Sam Hodgson
Asset Based Lending

For many businesses, asset-based lending is the best solution for capital needs. But what does an asset-based secured loan actually entail? At Clifton Private Finance, we have the answers. And while you're here, if you want to speak to a specialist about your options - whether that's asset-bas...

Mortgages for doctors - Finance for Medical Professionals

Mortgages for Doctors - Finance for Medical Professionals

16-February-2024
16-February-2024 16:54
in Mortgage
by Jennifer Stevenson
Mortgages for doctors - Finance for Medical Professionals

Mortgages for doctors are not as straightforward as you may not expect. Doctors and medical professionals face particular challenges when applying for a mortgage. But with the help of a specialist broker, there are some highly favourable terms available to you.  We’ll show you how to ma...

4 Reasons to get on the UK property market as an expat

Living In Dubai? 4 Ways to get a UK Expat Mortgage

13-February-2024
13-February-2024 13:38
in International
by Jennifer Stevenson
4 Reasons to get on the UK property market as an expat

If you're a British national looking to get a UK expat mortgage from Dubai, you may be wondering what's available for you.  There are a variety of reasons you may want to purchase a property back home. It might be an investment, or you may be planning on returning to the UK. But you've pr...

Top 10 Rental Yield Hotspots for Landlords

News: UK’s Top Ten Rental Yield Hotspots for Landlords

09-February-2024
09-February-2024 13:12
in News
by Admin
Top 10 Rental Yield Hotspots for Landlords

Where are the best places in the UK to invest in property? We explore the Top 10 Rental Yield Hotspots for landlords, touching on the current rental landscape in Britain and what makes these areas, in particular, so great to invest in. Despite occasional fluctuations, demand for property in the UK ...

How to get a mortgage on a UK property if you live in Australia

How To Get A Mortgage On A UK Property If You Live In Australia

08-February-2024
08-February-2024 11:39
in International
by Jennifer Stevenson
How to get a mortgage on a UK property if you live in Australia

Getting a UK mortgage can be challenging if you live in Australia. Australian residents will face scrutiny when applying for an international mortgage in the UK- but there are ways to make the process smoother. This article explores the options available to you as an Australian resident and th...

Applying for retrospective planning permission guide

Applying for Retrospective Planning Permission: Is it Worth the Risk?

08-February-2024
08-February-2024 9:26
in Development
by Jennifer Stevenson
Applying for retrospective planning permission guide

Retrospective planning permission is a common occurrence in the property development world. You may have made an honest mistake during building works and only realised afterwards you need permission. Or you may have discovered you can’t sell your house unless it matches the land registry recor...

My House Has Gone Up In Value: Can I remortgage?

My House Has Gone Up In Value: Can I remortgage?

05-February-2024
05-February-2024 11:17
in Mortgage
by Sam Hodgson
My House Has Gone Up In Value: Can I remortgage?

One of the most common reasons homeowners choose to remortgage is because the value of their house has increased. If you have more equity in your home than when you first took out your mortgage, you can remortgage to get a better deal with lower rates. Or, you may be able t...

Invoice discounting vs factoring

Invoice Factoring vs Discounting

30-January-2024
30-January-2024 14:06
in Commercial
by Sam Hodgson
Invoice discounting vs factoring

Invoice discounting vs factoring is a common debate for businesses small and large looking to raise finance against their unpaid invoices. Invoice finance itself represents a way for your business to weather the storm of invoicing terms - that 30-day or longer period between sending out an invoice ...

Innovation Grants

Guide to Innovation Grants

26-January-2024
26-January-2024 14:26
in Commercial
by Sam Hodgson
Innovation Grants

Innovation grants are a fantastic way for businesses that undertake new scientific or technological developments to get funding. The path to obtaining an innovation grant is not an easy one but the reward is well worth the effort. At Clifton Private Finance, our team are dedicated to helping your ...

Are bridging loans a good idea

Are Bridging Loans a Good Idea?

25-January-2024
25-January-2024 11:06
in Bridging
by Sam Hodgson
Are bridging loans a good idea

Bridging finance has become a popular funding solution in the last decade, but are bridging loans a good idea? A bridging loan can be a good idea depending on what kind of property finance you need, for how long, and whether you have a solid exit strategy in place. In this guide, we explain what b...