Funding is currently available to allow Renovation of ‘un-mortgageable’ properties by means of a short-term loan split into two drawdowns.

Also by using a ‘blended finance facility’ it is now possible to fund 100% of the Purchase Price of additional residential or commercial properties in an existing portfolio.

Please contact us for further information.

BoE governor Mervyn King and Chancellor George Osborne jointly announced the “funding for lending” scheme last month, under which the UK’s central bank will give lenders cheap loans if they then in turn lend to cash-strapped companies.

The central bank could make £80bn available if High Street banks increase lending by 5pc.

“League tables” ranking banks by how much they lend are likely to be published every three months.

In the USA house prices have finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing, and seven years after the housing bubble burst, most indexes of house prices are finally bending upwards.