To tell you what’s happening with us, we publish a Property Finance newsletter every month. We’ll mail you a copy if you ask us to or, you can read what we have to say here. To subscribe to our newsletters please email your name and contact details to [email protected]
February Newsletter- Anyone Else Suffering Flashbacks?
Only one month into the new year and the pace is already frightening, as is some of the activity I've seen within the market place. Given the recent Brexit stalemate and general chaos, both political and macro-economic outlooks are increasingly unstable. House price growth has slowed to almost nothing and the London region has seen significant price falls in the high-end residential market.
November 2018 became a real milestone for the Bank as our continued growth saw our balance sheet break through the £1bn mark. A great testament to everyone involved with the Bank and central to that success remains our broker base.
In these pre-Brexit times, the property market appears to be entering a period of hiatus pending the “Deal or No Deal” outcome, similar to the slow down in activity levels we witnessed leading up to the referendum which was quickly followed by a surge in new business.
Does it Make the Boat Go Faster?!
I recently attended a seminar in which the speaker had
worked with the Cambridge University Boat Racing Team.
He spoke about their unique sense of purpose and how it
dominated their approach to everything.
It has been an interesting few weeks with increasing media attention around the
impact of the latest PRA serviceability guidelines and a number of funders pulling
out of the BTL portfolio market as a result.