MARKET UPDATE

Posted by admin on February 1, 2010

WHATS HAPPENING IN THE COMMERCIAL MORTAGE MARKET

We are now advised that the recession is officially over and in December 09, valuation instructions showed a 100% increase on December 08, confirming that the property market is moving forward.

With interest rates remaining low and realistic asking prices, it is a very good time to purchase commercial property for own use or for investment purposes.

There are some new lenders in the market and some of the existing lenders are now showing a willingness to lend, which is always subject to the applicants ability to service the loan.

Owen Williams, Proprietor.