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