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Borro joins AMPD’s panel

Borro has joined the Association of Mortgage Packagers and Distributors’ panel.

Paul Brett, business development Director at borro, says that many businesses are facing negative changes to their funding facilities with major banks not only affecting cashflow but also short and long term investment.

He says: “At the same time the usual demands for corporation tax, income tax and VAT need to be paid.

“As a result, many business owners need access to funding to see them over the changes to their banking facilities.

“borro offers a stopgap solution for business owners to borrow money secured against an asset of value. AMPD has an excellent track record for generating new business and we are delighted to be partnering with its members.”


Bank Base Rate Held – For Now

After a whirlwind of headlines last month, some proclaiming the death of the recovery and others forecasting apocalyptic levels of inflation, the Bank of England’s Monetary Policy Committee have held firm and decided to keep Base Rate on hold for yet another month.


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