Major UK Banks Willing To Make Commercial Property Loans - Survey

Sponsored Links

Major UK banks have showed strong ambitions to lend in the property market following pricing corrections and a reduced cost of funding, a survey by the Savills Plc revealed Tuesday.

Savills' previous survey, conducted in March found no banks interested in lending above GBP 100 million on their own, but now perhaps half a dozen are prepared to do so.

The increased appetite, Savills states, is due to the re-stabilization of the finance markets following a period of high volatility over the past two years, during which the gap between base rate and LIBOR reached a high in the final quarter of 2008 at 160 basis points.

Major UK banks have showed strong ambitions to lend in the property market following pricing corrections and a reduced cost of funding, a survey by the Savills Plc revealed Tuesday. (Market News Provided by RTTNews)