Stuart Pawelczyk

A view from the regions: the specialist finance market remains resilient in the North and Midlands




Regional brokerage Newable Finance launched its Northern office in October 2020, which is managed by head of regional broking, Leanne Dawson.

The business aims to provide a bespoke service for SMEs and property-backed businesses that are typically looking to borrow up to £20m.

Among other areas, the brokerage supports owner-occupied trading businesses with commercial mortgages for SMEs, asset finance, invoice finance, and unsecured business loans in the North and Midlands.

It also offers advice to property professionals with development finance, commercial mortgages for tenanted commercial real estate, residential and mixed property portfolio lending, in addition to bridging finance.

The company has specialists in manufacturing and industrial; healthcare and medical, including care homes, learning disability homes, dentists and pharmacists; retail; leisure and hospitality, such as pubs, hotels, B&Bs and restaurants; property investment and development; and renewable energy.

Two of its experts in the North and the Midlands have provided their perspectives on their respective regions. 

Stuart Pawelczyk, regional manager of the Midlands at Newable Finance (pictured above)

Transactional activity has remained strong in the Midlands in both urban and rural areas, demonstrating that investors and business owners remain confident of a return to ‘normal’ post Covid-19. 

We continue to work with a number of business operators and investors to raise finance to assist with acquisitions or to refinance their existing holdings. An increasing number of clients are, quite rightly given the current conditions, actively reviewing their financial outgoings more rigorously and engaging with us to understand if more competitive funding solutions are available for them from the lending market. We’ve seen a particular upturn in the number of business operators who now have the opportunity to acquire the freehold of their premises as some landlords are seeking to divest.

Obtaining finance from high street banks remains challenging as they continue to focus on managing their existing clients through the pandemic. However, new lenders continue to fill the void and pick up greater market share thanks to their smooth delivery process for SMEs. More so than ever, SMEs and property investors need the support and experience of trustworthy finance professionals to help them plan for the future.

Barry Dillon, regional manager of Yorkshire at Newable Finance

In the Yorkshire region, the property sector overall has remained resilient and activity has been buoyant throughout the health crisis. The team and I are seeing a number of purchases and refinances across all property types as investors look to capitalise on opportunities to acquire and grow their portfolios, either by raising capital via traditional short- or long-term loan facilities or leveraging existing stock to raise capital and support new purchases. 

Business owners are also considering the benefits of moving from rented or leased premises to purchasing owner-occupied commercial property as landlords offer the opportunity for purchase. In summary, the sector remains busy; hopefully this continues throughout 2021. 
 
With regard to property development, developers have remained very busy. I continue to see a rise in new residential development schemes and the requirement for this type of finance, driven by buyer demand, and largely due to the UK’s national housing shortage. This, coupled with the stamp duty levy imposed by the government, has allowed activity to remain buoyant since the turn of last year.

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