Outlook for 2011

What will 2011 bring?

Lenders do seem to be talking about lending again and whilst no one expects a gung ho attitude – there may have been a small thawing from lenders in that they will discuss new business- wheareas until now- no real appetite. 

Have you recently tried to place a development loan? Then you will know what we mean.

As ever- we see businesses with clean credit and reasonable acounts being offered reasonable terms; those with poor credit and or miced trading results over the last 3 years will find it hard.
Investors- have some choice- not at great loan to values but the stress tests have not got harder over the last 12 months.

In all- little change expected into the first half of 2011- after – we hope to see a slow change heading towards 2012.
Quality quality- rather than location location.

In all the year has brought few suprises- and notwithstanding the many billions the banks have to pay back for Government support next year we remain of the opinion that the worst is behind us- and that slowly … oh so slowly…things will get better. The banks have hiked up rates/ charged big fees/ are overseeing repayment of facilities and generally spring cleaning their books; they haven’t yet got all the bad lending out but…work is well under way.