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When will the banks start lending again?

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  • When will the banks start lending again?

    I'm sure the majority are sick and tired of reading doom and gloom stories about the ailing real estate market. Undoubtedly matters will not improve until banks start lending again.

    Our business has noticed a significant increase in enquiries over the past month, fortunately a high number have been cash buyers. My question maybe is too simplistic, however, if banks have been bailed out either with cash injection and or guarantees from governments - what then is the hold up?

    Surely they should be forced to start lending or be totally taken over by the state. Its all very well that interest rates are falling (not so good for savers of course) but for first time buyers and families desperate to trade up it doesn't mean a damn.

  • #2
    Not sure if the banks will start landing soon. However in Bulgaria banks are giving loans for everything that is not property related...
    http://www.dreamhome.bg

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    • #3
      I've been sick and tired of hearing about lenders for ages now. Many are beginning to lend out money now but with steep precautions for you so if you are going in for a lend be sure to read everything before you sign it.
      For premium mortgages at discount prices we recommend UK Mortgage Specialists for a free quote

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      • #4
        They will lend but it will be a while before they reduce the big deposits required to anything like the levels of the recent past.

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