Liquid error: wrong number of arguments (2 for 1) Peter Rollings commenting on the latest CML lending figures | Marsh & Parsons Sales and Lettings Estate Agents London

Blogs, Press & Media

Peter Rollings commenting on the latest CML lending figures

Thu 11 Nov 2010

"Lending to home buyers continues to bump along the bottom and there is little sign that this will pick-up in the near future. Those without a large deposit are still facing significant difficulties in securing a mortgage but many buyers in central London can afford to place a deposit of at least 30%, for instance, which is helping to keep demand buoyant and boost activity. The capitals market has different dynamics to the rest of the UK and has been somewhat insulated against the mortgage draught facing the rest of the country. Over half of the purchases made in London are by cash-buyers - a combination of cash-rich UK and foreign investors, who are not constrained by issues of mortgage finance. Nevertheless, the lack of mortgage funding continues to stifle the wider national market. As many banks and building societies begin to focus on repaying the money they received from government 'bail-outs', they must not let sensible new lending drop down their list of priorities. The revival of the housing market and wider economy - is dependent on lenders encouraging the right borrowers onto the market".

For further information please contact:

The Wriglesworth Consultancy Dan Pike / James Staunton 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.

Contact our office

Close

Contact our Lettings team

Close

Contact our Selling team

Close

Contact our About us team

Close

Contact our Corporate Services team

Close

Contact our International team

Close

Contact our Land and New Homes team

Close

Contact our Professional Valuations team

Close

Contact our Professional Services team

Close

Contact our Property Management team

Close

Contact our Riverside Properties team

Close

Contact our Career team

Close

Contact our office

Close

Request a viewing

Close

 

Close

Share this with a friend

Close