Welcome to the June edition of the Dee Commercial Finance newsletter!
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Bridging – an ‘active and lucrative’ sector
While much of the wider mortgage market is undergoing a period of extreme volatility, with the most recent concern being lenders withdrawing products with little notice only to later reintroduce deals at significantly increased rates, one area is prospering.
Base rate to hit 5.25 per cent but UK likely to avoid recession
A better outlook for energy prices, greater resilience in the global market and demand for labour outweighing availability means the UK economy is likely to avoid a recession this year but the Bank of England base rate is only heading one way.
Market downturn hit 2022 UK small business equity investment
The total value of equity investment in the UK’s small businesses declined by 11% to £16.7bn in 2022, driven by a downturn in market conditions, according to the British Business Bank’s annual Small Business Equity Tracker.
Cooling market sees auction sales heating up
There has been an 11.3% increase in the number of home sellers turning to the auction room amid the currently challenging market conditions.