Peter Rollings commenting following today’s lending figures from the BBA
Tuesday, 25 August 2009
"The chronic shortage in mortgage finance is stifling buyers who are ready and waiting to take advantage of competitive house prices. In the London market there’s growing competition amongst buyers and this is reflected in the narrowing gap between offers and asking prices, and prices which are recovering faster than other parts of the country. Elsewhere, it’s a different story. Buyers simply can’t obtain the finance needed to purchase homes and this is preventing a full-scale housing market revival. The government must exercise its considerable influence over the banks to push them to lend more."
-ENDS -
For further information please contact:
The Wriglesworth Consultancy, James Staunton / Tom Urpeth 0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London . They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.
Subscribe to this comment's feed
