Bravo America & Bravo Greed
The USA sub-prime fiasco continues to hit us all, private domestic and business - the banks do have money, well some anyway, but they are hanging on to it, they have to in some cases, just to keep their accounts in order, balance sheets and all that hence the credit crunch
But the greed did rather blinker some institutions too - buying up these mortgages has forced the funds and institutions to look at their exposure and so tighten their belts (and so ours) and put more aside than they might have done before
So, loan to value ratios are tightened and security requirements increased, but we at MyCbi do still have some back doors open for better banking facilities, please mail us at info@mycbi.co.uk or telephone 01162 912 478 for informal discussion about routes and solutions open to you
Friday, 29 February 2008
Commercial Mortgages and Business Banking
Labels:
banking facilities,
credit crunch,
sub-prime
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