News

Commercial and specialist property lender launches reduced fixed rates across their commercial and semi-commercial product range.

Omega continue to access reduced rates offered by lenders on an exclusive and semi-exclusive basis. One market leading lender has launched a new range of fixed rates available across; commercial investment, semi-commercial investment and trading business finance.
These new terms are also available to pension borrowing, trusts, limited companies and partnerships with a focus on ESG and the ability to offset a lower rate against lender fee, allowing clients to borrow more from the same rental yield.

Click Here to Speak to a member of team to find out more.

Looking to 2024

Over and above the continued changes across lending policy and in particular, fixed rate ranges being offered, we have been talking to other financial experts in the market to understand what they and we expect for the year ahead.

Rental property market

Demand has continued to significantly outstrip supply in the last 18 months causing rising rents, coupled with cashflow pressures on many landlords. It is expected 2024 will see a slight easing of this imbalance but it’s too soon to see what impact if any this will have. Across the property investment space, we have seen an uptick in rental yields. Regulatory changes and rising costs meant many landlords exited the market last year but with an expected easing of interest rates and the potential in rental yields, this year should see increased interest from individuals moving into property investment, especially the specialist property investment sector.

Agile finance

Last year taught us that we need to be versatile and agile with finance solutions. When market conditions are as changeable as they have been, businesses need their finance provider to offer flexibility and importantly support the changing requirements as a business and indeed, property investor. SMEs will continue to look at utilising alternative finance in 2024, and we only see this demand and options available to service this demand, grow through the year.

We’re not completely out of the woods yet in terms of global instability, energy price challenges and high inflation. It is widely assumed, volatile market conditions will cause businesses to diversify funding sources, the larger organisations will supplement traditional financing routes such as loans with more flexible asset-backed options, and look at alternative providers of finance to help satisfy this requirements. This leads onto generative AI in Finance, AI technology has permeated every industry including the finance sector. FinTech will continue to grow as the industry offers consumers technology that improves the way that people manage and invest their finances. We have seen generative AI in action with chatbots on banking apps for some time but expect 2024 to utilise FinTech expansively to improve consumer experience and maximise access to finance solutions.

Sustainability in Finance

ESG policies and strategies increasingly feature in the decision-making for organisations so expect sustainability to be top of the agenda in the financial world this year. More than ever before, investors will be scrutinising how their money is used and looking for positive, green initiatives to put their money into. Sustainable financial products will continue to emerge in 2024 that will meet the expectations of customers and investors who want to ensure their finances are not being used in ways that negatively impact the environment or society.

To discuss your financial plans for this year, please contact one of our team to discuss how we can support you in 2024.