News filtered by category: Borrowing Options - clear
Where next when ‘the computer says no’?
We are seeing many lenders move towards using more computer-based technology to make automated decisions on lending cases. If ‘the computer says no’ and if there's no relationship or bank manager to influence any lending decision, how do you get finance?
Permitted development of farm buildings – the finance options
The April 2018 changes to permitted development rights for agricultural buildings present opportunities for farmers. For those needing finance, we explain some of the different finance options for farmers depending on their circumstances and long-term plans.
Good farm and rural mortgage deals to be had, if you know where to look
Farm borrowing is continuing to rise, but banks are becoming more regulated and stringent with their lending. We look at the different types of lenders in the farm and rural mortgage market and the margins currently possible.
Bank reorganisation – what it means for farmers and what can you do
Many banks and financial institutions are cutting costs by restructuring their businesses. This can mean a change in bank manager or a move to a telephone service. We look at what is happening and what you can do if you are unhappy or struggling with your new banking arrangements.
Increasing numbers of unsecured lenders open opportunities for farms and rural businesses
It’s getting rare to find the main banks offering unsecured lending facilities. Tenant farmers, start-ups and those that have reached their secured credit limit find it hard to find finance. But more lenders are coming in to the market and could help you.
Alternative finance - the opportunities for farm and rural businesses
Our main focus is finding our clients the most appropriate finance through the high street banks, farming lenders and private banks. But the number of alternative lenders are growing and here we explain their benefits.
Avoid taking the easy funding options when things get hard
Farm incomes are being hit and profits squeezed by the drop in farm gate prices. It’s leading to cash-flow problems for many farmers. While quick, short-term alternatives for finance sometimes look the easiest option to help struggling farmers out of cash shortages, we caution that these are often expensive and can be damaging.
The farm profits squeeze is being reflected in the level of borrowing by farm business and being seen in farm sales reports.
Rural funding partnership offers fresh option for borrowers
We have entered into an exclusive arrangement with a new lender to the rural property market. The move marks the launch of a refreshing new product to the rural property market and a rural funding partnership that fills a gap caused by the credit crunch.