Banks to ease up on bridging

The slowdown in the property market is not just affecting house prices, but is also impacting the amount banks are willing to lend and how they lend.

20th January, 2007

The slowdown in the property market is not just affecting house prices, but is also impacting the amount banks are willing to lend and how they lend.

Banks have already started to tighten up on the amounts they are willing to lend due to interest rate increases, but also because they are unsure that vendors asking prices will be achieved given the slowdown in the market.

There are two types of bridging finance provided by...

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