Author: Carol Jones

Refinancing is, simply, paying off an existing loan or mortgage using a new loan. This course of action is usually pursued so that a property owner can change the terms of their mortgage, usually to reduce the term, or to switch between a fixed rate and adjustable rate mortgage. For whatever reason you are pursuing refinancing or any other type of hotel finance, you can be assured that our team will help to guide you through the process. Continue reading “Refinancing your hotel or guest house”

A marina has potential to be a great moneymaker for whoever owns one. A marina could very well see a lot of money brought in, particularly during the holiday season. Used as an area to moor private boats and yachts, they are often commonly found on or near beaches in Britain, though can also be found on rivers or lakes. Watersports facilities may also be found close by, significantly increasing the potential for profitability. If you are looking to snap up a marina or watersports facility, our marine finance team can help you to secure the funding you need to do so. Continue reading “Purchasing a marina or watersports facility”

If you are interested in entering the hospitality sector, now is an ideal time with regard to the pursuit of financing. Industry experts have predicted a positive year ahead for hotel, guest house and B&B investment as the national economy continues to recover. The consistent stability indicates high levels of transaction throughout 2015. 36% of European transaction volumes in 2014 can be attributed to investment in the UK hospitality trade and it is clear that hotels, guest houses and bed and breakfast establishments are becoming a crucial part of a diversified real estate portfolio. Continue reading “Securing the right B&B finance for your business”

Britain has a thriving tourist industry and welcomes millions of visitors from all around the world every single year. As a result there is big demand for accommodation, particularly in the busy summer season. The conditions make the prospect of opening a bed and breakfast an attractive one for many people, but there are many factors you need to keep in mind before you do so. Continue reading “The challenges of owning a bed and breakfast”

Horses are an integral part of the culture of the UK. Horse riding is a favoured pastime of millions of people, whether it is casual or competitive, and even larger numbers of people enjoy watching races and betting on the outcome. The equestrian industry is very broad and brings a lot of revenue to the UK economy on an annual basis. You can find stables up and down the whole of the UK and a wide range of people are engaged in equestrian activities in one form or another. Continue reading “The equestrian industry can be a very lucrative one”

A lot of businesses and individuals choose to refinance their debts, and they do this for a variety of reasons. Some wish to reduce their interest costs or alter the term of their loan; others use it to lower a risk associated with an existing loan and to improve overall cash flow. Regardless of the reason why you are thinking of refinancing, you will most likely require help from a professional. From refinancing to securing a B&B mortgage, we are the team you can trust for help with all aspects of business finance. Continue reading “Refinancing your business safely”

Marinas and boatyards are economically the strongest area of the boating industry. During recessions, marinas tend to remain stable and usually survive fractured economic periods with the same owner. Marinas are usually the last to feel the effects of a recession and the first to recover. Continue reading “Secure the finance for your commercial waterfront premises”

Securing finance to open a hotel can be tough, with lenders always looking to ensure they back projects with a chance of success. Properties themselves are good security but you may need to provide additional securities on top of this to get the funding you require. Factors like assets and other properties could be considered to help support your application. You may also need as much as a 30% deposit. Continue reading “Making your finance application attractive”

Guest houses are similar to bed and breakfasts, and there are many of them to be found throughout the UK. Often family owned and generally inexpensive, they are popular stops for travellers who want affordable and comfortable accommodation. The owners of the guest house will generally live on the property. Many people dream of opening a guest house as a way to make a living or to make extra money during their retirement. Continue reading “Taking steps towards owning a guest house”

Businesses always run more smoothly when a comprehensive plan is in place, and this is also true when applying for financial loans. Before you begin talking to a lender about a bed and breakfast loan or a loan for any kind of hospitality business, we recommend that you first consider the following points and discuss them with our team if you are experiencing any difficulty. Continue reading “Questions to ask before applying for a business loan”