Home RSS

Real estate lending 'close to zero', says Bank of England

Richard Tyler Telegraph 06/18/2009 14:21
Real estate lending 'close to zero', says Bank of England - Real Estate Bank - England - Financial/Loan


Banks made virtually no new loans to real estate companies in April and May, according to the Bank of England, revealing for the first time the extent of the funding crisis facing the industry.



The Bank also said that lending to all businesses fell by its biggest amount in nearly nine years in April and that high street lenders had reported this trend had continued in May. Mortgage approvals by major UK lenders picked up to 45,000 in May, from 42,100 in April, the Bank's Trends in Lending report showed.

The Government will be concerned that credit flows to cash-starved firms are getting weaker despite record low interest rates and a £125bn asset-buying programme aimed at boosting the economy. Net lending to private non-financial corporations fell by £5.4bn in April – the biggest fall since June 2000.

Source


Add your comment Send Print Report

Real Estate Bank England Financial/Loan
Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article

Home Page | Real Estate
More From Real Estate
$90M midtown penthouse tops mark for priciest New York City apartmentREVEALED: A look inside Britain's most exclusive apartment block as £65m flat at One Hyde Park goes up for saleAlicia Keys lists penthouse she bought from Lenny KravitzNew York Attorney General Increases Homeowner Assistance FundingIn yearly address, Mayor Bloomberg makes push to develop Kingsbridge ArmoryTrump proposal for New York City golf course faces criticsNew York Public Library Is in Talks to Sell SpaceRussian billionaire buys most expensive apartment in NYCRealtors: We Overcounted Home Sales for Five YearsBonnie and Clyde star Faye has finally Dunaway with rent controlled NYC apartment after agreeing to vacate propertyCensus: US housing bust worst since Great DepressionNew York pips London in property investmentLand Deal Is Announced to Allow New U.N. Tower and EsplanadeNYC’s Rat Island, 2 acres of rock that once housed typhoid patients, sells for $160,000New York's Rat Island going on auction blockThe last resort: More and more Americans are calling long-stay motels homeNew York court stalls second phase of Brooklyn arena projectUS unemployed get 12 months rent-free under policy changesNY property-tax cap may hit cash-poor cities: reportBig banks still drive Manhattan rents
Categories
Top Stories NYC News New York State National World News Business Sports Technology Law & Crime Arts & Entertainment New York City Guide Shopping Living in NYC Lifestyle Oddly Enough Travel Science & Health Education Real Estate Opinion Picture Of The Day Video
Newsletter
Get each new article from
New York

Your email:
Latest
Usher Breaks Down in Court Over Bad Dad AllegationsHouse Series Finale: Did House Get a Happy Ending—or Just an Ending?Google Chrome Overtakes Internet ExplorerFive US cable providers join forces to offer 50,000+ wireless hotspotsMalaria: Fake and Substandard Drugs Grow as Threat to Fight DiseaseFossil Ink Sacs Yield Jurassic Pigment—A FirstDevils get even with RangersBlind Chinese activist gets comfy in NYU homeMary Kennedy Laid to Rest in Bedford, New YorkAttacks in Yemen Raise Concerns About Qaeda Affiliate
Embed in your website
Tags
Popular
Paralyzed woman moves robotic arm with her thoughtsNew York cops bust 45 in 'Supreme Team' drug crackdownPart of flight recorder of Russian plane found in IndonesiaRomney Camp Tries to Limit Reporters' Access, and Rope Line Ruckus EruptsNew York Tattoo Convention lands at Roseland Ballroom with up to 200 artistsREVEALED: A look inside Britain's most exclusive apartment block as £65m flat at One Hyde Park goes up for saleSenators take aim at Facebook co-founder, who will skip taxes by renouncing citizenshipNew York City Plans to Offer Buyouts to Idled TeachersBeastie Boys' Adam Yauch Honored by New York Senate$90M midtown penthouse tops mark for priciest New York City apartment
Comments
God help us get integrity back in our government..appalling! We his salary to preach this?! idiots Get out! I'M SICK OF THESE UNGRATEFUL EMPTY HEADS WITH SH-T FOR BRAINS hello people Georgia and Idiod congresscritters how stupid can one be? justice...
Weather
Click for New York, New York Forecast 
Special Offers
New York Luxury Hotel in Times Square Welcomes New Year's Eve Partiers With Celebrations and Accommodations The Benjamin Celebrates 10 Years of the Perfect Night's Sleep with Special Anniversary Package Introducing The Live Nation Club Passport: See Unlimited Club Shows for Remainder of 2009 Just $49.99, All-In, No Fees Alaska Airlines and Horizon Air Offer 'Mystery Discounts' It's Promotional Day from Boar's Head at Yankee Stadium Chick-fil-A Kicks Off 2009 College Football Season with FREE Chicken Sandwich Giveaway, Interactive Website for Fans Lady Of America Continues To Help Women Who Want To Exercise During Stressful Times Chong Hing Jewelers, an Authorized Dealer of Patek Philippe, Offers Free Sunglasses with Purchase Cross Country Automotive Services Offers 'Green' Fuel Card Program to Improve the Environment, Help Roadside Assistan... Maui's Newest Luxury Resort Offers Fall Special at 50% Off Rates
New York Maps

New York, NY
maps.google.com



New York Times
DealBook: Facebook’s I.P.O. Raises Regulatory Concerns U.N. Nuclear Monitor Strikes Deal with Iran, Reports Say Economy Could Tip Back Into Recession on Washington Impasse, Budget Office Says On Eve of Historic Egyptian Vote, Crime Wave is the Main Topic Where Chefs Head in Their Downtime Met Reverses Itself on Ban of Reviews by Opera News Big Day for Elon Musk, a Space Entrepreneur Who Promises More Greek Businesses Fear Switch From Euro Back to Drachma Black Mormons and the Politics of Identity Uniqlo Sees Room for Growth in the U.S. Bits Blog: Partner Sues Kleiner Perkins, Charging Sexual Discrimination U.S. Ambassador to Leave Afghan Post Eugene T. Polley, Inventor of the Wireless TV Remote, Dies at 96
Washington Post 
Washington Post
Japan begins grim relief mission with towns flooded, thousands reported missing Japanese nuclear plants' operator scrambles to avert meltdowns For autistic kids' parents, trial hits home Subterranean jail a sign of Gaddafi's grip Who will reach the Final Four?
USA Today 
USA Today
Man in stable condition after Niagara Falls plunge Ky., Ark. primaries push Romney toward inevitable nomination Syria's underarmed rebels refuse to give in to Assad Toddler briefly trapped in active washing machine Secret Service boss: Security not hurt in Colombia Mexico front-runner keeps double-digit lead Interior inspector defends impartiality in report probe Chefs lead fight against Calif. ban on foie gras delicacy White supremacist gets 40 years in suburban Phoenix bombing Wildfire threatens 100 homes in Nevada
Wall Street Journal
Inside Fumbled Facebook Offering Detroit's Wages Take on China's General Mills to Restructure, Cut Jobs Private Spacecraft Reaches Orbit For Chipotle, a New Investigation Begins Dell Slumps Amid Reinvention Google's Mobile Balancing Act Begins Kleiner Perkins Sued for Gender Discrimination Benihana Agrees to Angelo Gordon Buyout Patriot Coal Hires Blackstone





CNN
Yemen blames al Qaeda for attack Interpol targets sex abuse suspects Vatican protesters gather in NYC Passenger alert: A bomb's inside me U.N. watchdog expects deal with Iran Police defuse Argentina theater bomb Peru dolphins died of 'natural causes' Private rocket heading to space station U.S. ambassador to Afghanistan to quit Legal threat over Reagan blood sale
Associated Press
Romney inches closer to GOP nomination with sweep APNewsBreak: NKorea upgrading rocket launch site Commercial spacecraft speeds toward space station US Army more selective on recruits, re-enlistments UN nuclear chief : Deal with Iran reached on probe Biden dismisses Romney's experience in business APNewsBreak: Franciscan files tell abuse story White supremacist gets 40 years in Ariz. bombing Mountain lion killed in downtown Santa Monica Storm survivors: Remembering Joplin's tornado
Reuters
SEC, FINRA to review Facebook issues, Nasdaq sued Dell results disappoint Street, shares dive Gupta jury hears competing views of Rajaratnam ties Mitt Romney takes decisive lead in Kentucky primary US Air jet diverts after passenger claims to have "device" Kleiner partner sues firm for discrimination Insight: Morgan Stanley cut Facebook estimates just before IPO SEC looking at JPMorgan's financial reporting Home resales rise, boding well for economy Exclusive: Housing chief leaves Morgan to launch buy-to-rent fund
ABC News
Missing Harvard Student's Body Found in Harbor Al Qaeda Vid Calls for 'Electronic Jihad' 'Suspicious' Passenger Diverts Flight 'Anti-Racists' Attack White Heritage Group in Family Restaurant Romney Adds Wins, Pads Delegate Lead New Flesh-Eat Victim in Same Hospital Man Commits Suicide Before Foreclosure No Benefits for Twins Born to Dead Dad Cops: Bodies Are Missing Neb. Mom, Son Sierra LaMar Suspect Eyed for Weeks Cops: Grandma Shot, Killed Grandson Police: Man Tortured by Roommates Baldwin: 'Lying Thieves' if Obama Loses Facebook Employees Still Cheering? Smarter Decisions? Don't Think in English Tornado Backdrop in Wedding Photos Couric Greets Queen Before Jubilee Gay Superhero Plans to Tie the Knot Alanis to Breastfeed 'Til Son's 'Finished' Howard Stern Makes Contestant Cry
CBS News
Banks warned (selectively) on Facebook Joplin builds back stronger Dolan: WH "strangling" church Egypt readies for historic election Elon Musk's "insane" vision a reality Star Trek's "Scotty" launched into space Facebook shares continue slide A look back at Facebook's rough IPO Romney will win Kentucky, Arkansas primaries Reagan son blasts purported sale of father's blood WH responds to Archbishop Dolan's criticism 5 dead in suspected Ore. family murder-suicide Watch: Job advice for college grads U.N. nuke chief touts Iran deal; Diplomats dubious Beatles Abbey Road photo fetches $25k Mountain lion killed near Santa Monica mall Marvel Comics plans wedding for gay hero Northstar Sales for "Fifty Shades" trilogy top 10 million Injury-related deaths: Which state ranks highest? Doctors see more injuries in "barefoot" runners
Fashion Report
Trendy Summer Shoes What's Celebrities are Hiding in the Closet? Fashion Ad Campaigns S/S 2012 Photos of The Royal Family Dressed Up For Christmas Street Style Accessories The Most Gorgeous Wedding Dresses in 2011 Bright Punk-Rock Style - Not Only For Teens Best Anti-Wrinkle and Eye Contour Creams Trendy Make Up Colours in 2012 Victoria Beckham Spring 2012 RTW Collection
MSNBC
NBC/WSJ poll: Obama, Romney locked in tight contest In Calif. redistricting, how much will Democrats gain? DEA agents investigated for hiring prostitutes in Colombia Kansas couple captures tornado in wedding photo Deaf baseball player aims for major leaguesNew Jersey teen Austin Solecitto, already a star pitcher, is known for his composure under pressure. Veteran fights VA to keep PTSD diagnosis Report: 4 Martin shooting witnesses change stories Watchdog: Obama aides gave filmmakers classified bin Laden raid info Secret Service head: Scandal was 'aberration' Oregon family of five dead in possible murder-suicideA mother and three children were found dead by responders to a house fire in northeast Salem, Ore., early Tuesday, and the body of the woman's husband -- described by police as a "person of interest" -- was later discovered in a vehicle about 80 miles to the south.