Rise in property loans seen as a good sign for UK real estate market in 2010

[Nicholas Wallwork]

Property loan approvals in the UK are at their highest since March 2008 and will help the real*estate recovery in 2010, it is claimed.

The Bank of England's latest survey of credit conditions in the UK shows that lenders reported*an increase in credit availability for borrowers with loan to value ratios above 75% in the fourth*quarter of 2009 whilst the maximum loan to value ratio rose for the first time in over two years.

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[Prop-erty]

That is wonderful. The banks are also being more lenient overall imho, which is helping.

 

[Eagles009]

Rise in Property Loans

With the Recession almost over, there is a huge turnaround to be watched for.
But, property Loans are suddenly getting rised away and this should be under control
and kept under some scanner.