Banks holding back pub property recovery
Bank demands for 45 per cent deposits are continuing to prevent a recovery in the pub property market, according to a leading pub sales agent.
Mark Grieg, managing director of London-based Paramount Investments criticised what he called the continued reluctance of banks to lend to potential pub buyers, saying that businesses are still “paying the price for the banks’ recklessness in the years prior to the crisis of 2008”.
For more info on Pub mortgages, overdrafts and loans
Friday, October 23, 2009
Thursday, September 10, 2009
Monday, September 07, 2009
UK pub sales on Twitter and Facebook
Paramount Investments, UK pub sales agents, has launched its own Twitter and Facebook profiles, concentrating on UK pub news, uk pub trade information and listing Pubs for Sale in the UK
Wednesday, August 05, 2009
Pubs For Sale in UK
Pubs for Sale with potential for continued licensed/leisure use or alternative uses subject to gaining the appropriate Local Authority consents. They each also make superb investment/development properties and represent excellent value.
Black Horse
358 Lower Somercotes, Alfreton, Derbyshire, DE55 4LP
FREEHOLD - £330,000
Cock & Bull
Sinfin Lane, Derby, Derbyshire, DE24 9GP
FREEHOLD - £210,000
Emperia
63-65 Churchgate, Leicester, Leicestershire, LE1 3AN
FREEHOLD - £330,000
Coopers Arms (Rufios)
55 Bute Street, Luton, Bedfordshire, LU1 2EP
FREEHOLD - £275,000
Raven Inn
Elder Road, Stoke On Trent, Staffordshire, ST6 2JF
FREEHOLD - £390,000
Masons Arms
Dilke Street, Stoke on Trent, Staffordshire, ST1 2LJ
FREEHOLD - £220,000
Rams Head
Waterloo Street, Burton On Trent, Staffordshire, DE14 2NB
FREEHOLD - £120,000
Sportsman Inn
9 Branston Road, Burton upon Trent, Staffordshire, DE14 3BP
FREEHOLD - £135,000
Magnet
Birchington Avenue, Middlesbrough, Teesside, TS6 7HU
FREEHOLD - £300,000
Black Horse
358 Lower Somercotes, Alfreton, Derbyshire, DE55 4LP
FREEHOLD - £330,000
Cock & Bull
Sinfin Lane, Derby, Derbyshire, DE24 9GP
FREEHOLD - £210,000
Emperia
63-65 Churchgate, Leicester, Leicestershire, LE1 3AN
FREEHOLD - £330,000
Coopers Arms (Rufios)
55 Bute Street, Luton, Bedfordshire, LU1 2EP
FREEHOLD - £275,000
Raven Inn
Elder Road, Stoke On Trent, Staffordshire, ST6 2JF
FREEHOLD - £390,000
Masons Arms
Dilke Street, Stoke on Trent, Staffordshire, ST1 2LJ
FREEHOLD - £220,000
Rams Head
Waterloo Street, Burton On Trent, Staffordshire, DE14 2NB
FREEHOLD - £120,000
Sportsman Inn
9 Branston Road, Burton upon Trent, Staffordshire, DE14 3BP
FREEHOLD - £135,000
Magnet
Birchington Avenue, Middlesbrough, Teesside, TS6 7HU
FREEHOLD - £300,000
Monday, March 30, 2009
Licensed Property Sales and Investments
Pub for sale Coleford Gloucestershire GL1
The property is a detached 2 storey public house of traditional construction with a restaurant and living accommodation. there is a parking arae to the rear of the premises and garden to the north boundary...
Pub for sale Skegness Lincolnshire PE2
A detached and traditional public house and restaurant together with living/managers accommodation. The property sits on a aproxx 0.277 acre plot and includes a beer garden and on site parking facilities. Unconditional...
Pub for sale Bootle Merseyside L20 1
The property is a 3 storey detached public house with function room, beer cellar, lounge bar, games room with bar, kitchen and living accommodation comprising living room, kitchen, bathroom/WC, separate...
Pub for sale Nottingham Derbyshire NG1
Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest. May be suitable for redevelopment subject to gaining...
Pub for sale Ramsgate Kent CT1
Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest. May be suitable for redevelopment subject to gaining...
The property is a detached 2 storey public house of traditional construction with a restaurant and living accommodation. there is a parking arae to the rear of the premises and garden to the north boundary...
Pub for sale Skegness Lincolnshire PE2
A detached and traditional public house and restaurant together with living/managers accommodation. The property sits on a aproxx 0.277 acre plot and includes a beer garden and on site parking facilities. Unconditional...
Pub for sale Bootle Merseyside L20 1
The property is a 3 storey detached public house with function room, beer cellar, lounge bar, games room with bar, kitchen and living accommodation comprising living room, kitchen, bathroom/WC, separate...
Pub for sale Nottingham Derbyshire NG1
Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest. May be suitable for redevelopment subject to gaining...
Pub for sale Ramsgate Kent CT1
Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest. May be suitable for redevelopment subject to gaining...
Thursday, March 05, 2009
Licensed Property Finance: Mortages for Pubs
Mark Greig of Paramount Investments advises a newcomer on how they can raise the finance to buy a pub.
I’ve worked in bars and nightclubs since I was 18. I’m now 24 and trying to get into the trade as a licensee but I have trouble with the finance side of it. Can you offer me any advice?
Making that first break into the pub trade isn’t easy, but if you have the right experience and a solid business plan, you should be able to secure the right finance package.
By far the most important factor a lender will look at is your experience. From what you say, you seem to have had six years of experience in a good range of establishments. Read the full article at the UK Pub Sales Blog
I’ve worked in bars and nightclubs since I was 18. I’m now 24 and trying to get into the trade as a licensee but I have trouble with the finance side of it. Can you offer me any advice?
Making that first break into the pub trade isn’t easy, but if you have the right experience and a solid business plan, you should be able to secure the right finance package.
By far the most important factor a lender will look at is your experience. From what you say, you seem to have had six years of experience in a good range of establishments. Read the full article at the UK Pub Sales Blog
Sunday, December 28, 2008
Mortgages in the UK December 2008
We are rapidly heading towards the end of a year many in the mortgage world will want to forget. To celebrate this year of extraordinary events the Bank of England have decided to lower the Bank of England base rate to 2%, a rate not seen since 1951. This is also equal to the lowest rate seen since the creation of the Bank of England in 1694.
If we are to believe what the commentators say, we should be heading down to a Base Rate of 1% in 2009 - totally new territory for everyone in the UK – as the Government tries to fight the UK’s current economic plight.
It all seems counter intuitive to many people – if the economy has got into this position because of the availability of cheap credit - then to offer record equalling cheap rates seems like madness. However, most lenders are not really in the mood to lend, so whilst rates are cheaper, credit is generally hard to get.
The Banks’ balance sheets have been trashed by their exposure to losses in the US sub-prime market. After the Government’s injection of cash into the banks, it is in all our interests (as we now own part of most major banks in the UK) for these banks to start to make profits rapidly. These profits will create a large tax take for the Government (and therefore us) and will also lead to the raising of bank share prices (which once again is good for the Government and us, if they subsequently sell the shares back into the market).
The problem facing the Treasury, the Bank of England, the FSA and the boards of these banks is to get the balance right between improving balance sheets and, improving the rates available to borrowers. Cheaper mortgage rates will stem the falls in house prices (unless unemployment grows substantially) and fuel a spending boom which will in turn allow the economy to come out of recession faster. Meanwhile the papers continually castigate the Banks if they do not pass on the full base rate cuts to borrowers. They don't spare a thought for the savers whose income is generated from their savings within the same banks -savers are now suffering badly.
The problem in the housing market can be improved, not by dropping new mortgage rates to the lowest in history, but by making reasonably priced mortgages available at 90% or 95%. Currently the very few 90% ltv products on the market are at around 6% (4% over base) and there are no 95% loans to be seen.
This lack of more affordable products is stopping first time buyers come to the market unless they have a 15% to 20% deposit.
We believe it is important for the Government to put pressure on the lenders to make higher loan to value mortgages available. This will encourage borrowers to have faith in the fact that house price falls are coming to an end and, that they can afford to venture into the property market and not expect to make much of a loss
If we are to believe what the commentators say, we should be heading down to a Base Rate of 1% in 2009 - totally new territory for everyone in the UK – as the Government tries to fight the UK’s current economic plight.
It all seems counter intuitive to many people – if the economy has got into this position because of the availability of cheap credit - then to offer record equalling cheap rates seems like madness. However, most lenders are not really in the mood to lend, so whilst rates are cheaper, credit is generally hard to get.
The Banks’ balance sheets have been trashed by their exposure to losses in the US sub-prime market. After the Government’s injection of cash into the banks, it is in all our interests (as we now own part of most major banks in the UK) for these banks to start to make profits rapidly. These profits will create a large tax take for the Government (and therefore us) and will also lead to the raising of bank share prices (which once again is good for the Government and us, if they subsequently sell the shares back into the market).
The problem facing the Treasury, the Bank of England, the FSA and the boards of these banks is to get the balance right between improving balance sheets and, improving the rates available to borrowers. Cheaper mortgage rates will stem the falls in house prices (unless unemployment grows substantially) and fuel a spending boom which will in turn allow the economy to come out of recession faster. Meanwhile the papers continually castigate the Banks if they do not pass on the full base rate cuts to borrowers. They don't spare a thought for the savers whose income is generated from their savings within the same banks -savers are now suffering badly.
The problem in the housing market can be improved, not by dropping new mortgage rates to the lowest in history, but by making reasonably priced mortgages available at 90% or 95%. Currently the very few 90% ltv products on the market are at around 6% (4% over base) and there are no 95% loans to be seen.
This lack of more affordable products is stopping first time buyers come to the market unless they have a 15% to 20% deposit.
We believe it is important for the Government to put pressure on the lenders to make higher loan to value mortgages available. This will encourage borrowers to have faith in the fact that house price falls are coming to an end and, that they can afford to venture into the property market and not expect to make much of a loss
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