CHARTERED ACCOUNTANTS 
CHARTERED TAX ADVISERS REGISTERED AUDITORS
01628 665432
CHARTERED TAX ADVISERS REGISTERED AUDITORS01628 665432
CHARTERED TAX ADVISERS REGISTERED AUDITORS01628 665432
Our Breakfast Club meeting was held on Tuesday 24 November and, as usual, provided an opportunity to network and to talk business, followed by a brief presentation.
Our November Byte was a short presentation by a leading local commercial bank manager. Much of what was said might not be repeatable here. Included were personal views of the manager rather than those of the bank and so this summary is necessarily short.
The message was clearly that the banks are still open for business but the rules have changed. Conditions for borrowers tend to be more stringent. Arrangement fees and the margin over base rates for commercial borrowing have in many cases increased
The construction of flats is unlikely to be supported but residential housing might be where the developer is well known or is an existing client of the bank and there is demonstrable cash flow and profitability.
It appears that banks are generally now more interested in lending to real businesses than before the crunch and less interested in property based opportunities.
29 January 2010
30 March 2010
25 May 2010
24 November 2009
