Serviced Accommodation Mortgage: How Seasonal Revenue Modelling Affects Lending Decisions
The UK property market is seeing more and more serviced accommodation businesses pop up – from small hotels, short-stay lets to holiday lets. But securing finance for these properties isn’t simple. Unlike a regular buy-to-let, where the rent is steady each month, income for a serviced accommodation mortgage can swing throughout the year. Because of […]
Managing Seasonal Cash Flow: How Revolving Commercial Credit Can Transform Your Business
Many businesses in the UK see their net income go up and down with the seasons. For example, a retailer might depend on holiday sales, while a manufacturer might see demand go up and down. Because income is seasonal, it’s important to have good financial plans in place to keep the business running and help […]