Business development
Why investing in your properties now to achieve MEES hurdles is a financial benefit, as well as an environmental one
As energy standards rise for rental properties, we sat down with our Director of Debt Finance Greg Manson to discuss what lending partners can do to keep up with the pace of investors looking to make these changes early. The real estate sector has fundamentally changed. No longer can we rely on ‘location location location’ […]
Growing your business
Entrepreneurs – want to make it in 2023? You’ll need two things
It’s almost a cliché to talk about the importance of failure in entrepreneurship. The principle is simple: disasters (in business and elsewhere) offer lessons that are unpleasant enough to be unforgettable. This means the toughest defeats lead to the best thinking, and every jolt or upset offers a chance to reach an evolved mindset. Those […]
Industry news
An outlook for the real estate sector in 2023
With plenty of change expected in the property market over the next 12 months, our MRICS certified Director of Debt Finance Greg Manson explains his real estate predictions for 2023. It has been a tumultuous 12 months for the UK real estate sector – ongoing supply chain issues, labour shortages, inflation, and numerous government changes […]
Industry news
It’s time for the UK to lead the world in proportionate and risk-based financial regulation
In 2013, the UK financial regulator at the time – the Financial Services Authority (FSA) – published a paper seeking to reform the authorisation process for bank applicants; and create a major shift in the approach to the prudential regulation of banking start-ups. These changes were designed to reduce the barriers to entry and expansion and […]
Industry news
COVID-19 and the Care Quality Commission backlog: an ongoing challenge for the care sector
OakNorth Bank has lent several hundred million pounds to the senior living and elderly care sector since its launch in September 2015, and one of the things we often get asked about is what criteria we look for when determining whether to lend. One of these is the Care Quality Commission (CQC) ratings of the […]
Growing your business
Senior living is going green: how the care sector is championing carbon-neutral practices
Research carried out in October last year revealed that more than a third of global consumers are willing to pay more for sustainability. So, it’s perhaps unsurprising that we’re seeing more and more of our borrowers in the senior living and care sector making investments to reduce their carbon footprints, and develop new sustainable care […]