Lamport Bassitt Solicitors - Legal News - FSA issues warning over commercial property


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS FSA issues warning over commercial property The Financial Services Authority (FSA) has issued a warning over commercial property. According to the watchdog, around £160 billion of debt from the sector will mature over the next five years, the Independent reports. It suggested that, while many commercial property firms were supported by lenders during the recession, banks could decide not to renew loans after their terms expire. This could prompt a meltdown in the industry, the organisation went on to say. In a report, the regulator - which is a is an independent non-governmental body and was given powers by the Financial Services and Markets Act 2000 - said that such action by banks could force liquidations and release commercial properties on to the market, potentially resulting in price falls. It added: "Leveraged loans to UK companies that were subject to buyouts also face a maturity hump and present similar refinancing changes to the banks in this sector." Related Articles: 17/8/2009 - 'Double-check HIP' before buying property 24/8/2009 - Business owners 'increasingly interested in purchasing commercial property' 27/8/2009 - "No reason" to expect number of distressed commercial properties to fall 26/8/2009 - Two-tier commercial property market 'may emerge after recession' 15/9/2009 - Commercial property owners 'must ensure their incomes are protected' More Property Law News