Investment News – £140bn Funding for Lending Scheme

Funding for lending scheme

Investment News – Some good news,

Today in Brett’s London and UK property news, we cover the £140 billion funding for lending scheme announced by the Bank of England and Treasury.

Finally the government and Bank of England has recognised the housing market business by providing this vital incentive.

Don’t fool yourself into thinking this money will go to poor credit risks, it will simply allow lending to continue under normal credit criteria while the banks restock their coffers after increased liquidity requirements (i.e. they need to keep more money against a rainy day).

For more information or if you have any questions about today’s news; call the team on             +44 (0)207 923 6100.

Live with passion,
Brett Alegre-Wood

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

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