One of our specialist development lenders was recently critical that developers were not taking advantage of the Government funded ‘Builders Finance Fund’. This was set up in April 2014 and ‘refreshed’ in mid-2015, and will expire in 2017. The usage has been way below expectations, with only a relatively small amount of the £525m allocation Read more about The Government’s ‘Builders Finance Fund’ – experiences so far?[…]
Some of the High Street banks are now promoting their ‘lending appeals process’ which they have put in place to deal with situations where a small business is dissatisfied with the decision that the bank has made about a loan or overdraft application. It is worth knowing a couple of points about this: A business Read more about Bank lending appeal procedures[…]
More adverse press coverage is coming out about how the bank’s SWAP review processes are being undertaken. Specifically there are concerns which are being pursued by the parliamentary group on swaps mis-selling (Chaired by Guto Bebb) that RBS has adopted a different approach to the other banks involved. These concerns have arisen from a review of the Read more about SWAP damages reviews – some inconsistencies causing concerns[…]
Interesting to have met the lawyer that was successful in the ‘RBS v Carlyle’ case. A lot has been written about this landmark case (which was about the bank reversing its decision to lend to a developer) but it was good to get more of the inside story. It is of course another ‘David v Goliath’ Read more about ‘RBS v Carlyle’ case[…]