I’m supporting a client whose bank has just presented them with a major challenge, with some negotiation needed to tight timescales. The client had taken out a significant 20-year commercial mortgage in 2016 to buy some land to add to his existing property estate. What he’d forgotten, was that although it was repayable over 20 Read more about Did you take out a Commercial Term Loan in 2016?[…]

When Banks, and other specialised commercial property lenders, are looking to lend to commercial property investors, they always have an interest in the ‘Break Clauses’ in the lease granted to tenants. However, with a long-standing tenant of good covenant, in ‘normal times’ the question of the break option being ‘triggered’ is often more of a Read more about Break Options are probably never going to be of so much interest to Property Lenders[…]

Relationships between SME’s and their bankers can be very effective and both parties benefit. But they can go wrong, and often that is down to poor communication by either party. It can also however be down to changes in how banks are having (or choosing) to operate – which are not always understood or accepted Read more about Why dealing with your bank (and other lenders) could be different in 2021[…]

This is a periodic blog of mine, but probably increasingly important for the end of 2020 and 2021. Traditionally, bankers would set up overdraft renewal dates to coincide with the availability of the borrowers year-end accounts, so a fulsome review of the business performance could take place. That still applies with large corporate borrowing facilities, Read more about Overdraft Renewals – Be prepared[…]