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Barratt close to financing deal

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  • Barratt close to financing deal

    Like many of its rivals, housebuilder Barratt Developments, has been affected by the slide in house prices and house sales and soaring mortgage rates.As a result, the struggling housebuilder is close to securing a rescue refinancing with lenders that will relax its banking covenants and help it through the property slowdown.As has been the case [...]

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    Originally posted by Developer View Post
    Like many of its rivals, housebuilder Barratt Developments, has been affected by the slide in house prices and house sales and soaring mortgage rates.As a result, the struggling housebuilder is close to securing a rescue refinancing with lenders that will relax its banking covenants and help it through the property slowdown.As has been the case [...]

    More: Barratt close to financing deal
    Sounds like its a great time to rethink the business model to a more flexible one for today.
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