Short term commercial mortgages rely on an exit route and this has been the problem for alot of clients who need the benifit of a short term facilty to create some breathing space abd enable them to plan ahead. As the banks crawl back into the lending market place we all hope that the exit routes start to appear and business will start to blossum where it is currently stagnating.
Confidence apart from cash is king in the property market. There are so many properties up for sale that are being sold way below market value, and short term commercial finance enables the investors to purchase these properties at bargain prices, spend a little of money on a refurb and either sell on or refinance and take out the profit.
We desperately need access to commercial mortages, finance, and flexible banking to get business on the move, we have the short term finance now the banks must step in and start lending, or it will be a very long winter indeed.
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