"There's No Money, George!"

Tuesday, October 04, 2011

Savills have reported limited new bank lending to commercial property in the past quarter with little evidence of improvement emerging at the outset of Expo Real being held in Munich.

Savills have reported limited new bank lending to commercial property in the past quarter with little evidence of improvement emerging at the outset of Expo Real, held in Munich.

This backs up the oft-heard plans to politicians - "There's no money!" - and shows the basic truth of the frustrations expressed by property investors and businesses in the UK.

Qualifying its "Lenders List", Savills said there is no direct evidence to suggest new lending change over the last three months, and to reflect this, has not changed its list of top property lenders - for the first time in 10 years.

The list names the UK commercial market's top 16 'most active big ticket lenders' as:

Aareal, Aviva, Barclays Bank, Bayern LB, Deka Bank, Deutsche Bank, Deutsche Hypo, Deutsche Pfandbrief, Eurohypo, Helaba, ING REF, Landesbank Berlin, Met Life, Royal Bank of Scotland, Santander, Societe Generale. 

The report observes: "There are quite a number of increasingly active emerging lenders such as Handlesbanken.  We are also seeing increasing activity from Clydesdale, Coutts, HSBC and Nationwide Building Society, none of whom were listed in the top 16 in June.  The next six months will be a fascinating period as we see the impact of Basel III, Greece, Vickers and bank deleveraging emerge."

Watch this space for some game-changing opportunities for well-placed investors as the capital markets grind out new rules of engagement for 2012.

Source: ask-re The Property People LLP