More than 1,000 senior lenders with a real estate loan book have been surveyed to establish liquidity and lender attitudes in the UK. The results provided significant insight into the depth and composition of the market. A Report commissioned by CBR Ellis undertaken by their Debt Advisory Team has found that there are 69 lenders open to new business in the UK and a number are lending only cautiously and most are employing conservative criteria against which they assess opportunities. As I have said in previous blogs this cautious approach is very much holding back the property market and is in danger of creating a self-fulfilling prophecy. The Government needs to take action to encourage lenders to support the housing market and support the economy. Anything that increases competition will increase lending and this would be a welcome move. I will keep you advised should I hear anything further.
Head of Property Services