Could crowdfunding impact traditional property lending?

[Nicholas Wallwork]

If you look back to 2008 this will forever be seen as a time of over exuberance in the banking industry which ultimately led to the collapse of the property market and the worldwide economy. For many years the banking industry has been head and shoulders above any other business sector in the world and

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Even in a worst-case scenario, where crowd funding sites do not necessarily take a lot of business away from the banks, it will at least trim their margins. Banks and mortgage companies around the world have had it too easy for too long and the ability to cut out the middleman, as crowd funding operations do, could be a godsend in reducing finance costs.