Lamport Bassitt Solicitors - Legal News - Commercial property lending 'on the up'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Commercial property lending 'on the up' Investors in the commercial property sector may now have greater access to funding. According to data from NB Real Estate, based on Bank of England statistics, the amount of money loaned to firms in the industry rose by £727 million in the first three months of 2010, despite net lending to all UK businesses falling by £3.2 billion in the same period. Furthermore, the firm stated a relaxation of lending conditions is apparent due to loan-to-value ratios on commercial property climbing in London to 65 or 70 per cent from the lows of 50 per cent. Commenting on the findings, Paul Watling, director of valuation at the company, said: "As capital values and rents have started to recover, so banks have shown a greater willingness to recommence lending to the commercial property sector." The news follows comments from Andrew Jackson, investment director and manager of Standard Life Investments' select property and global Reit funds. He told Citywire that commercial capital values will dip by up to five per cent in 2010. Posted by Isobel Whitely Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News