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Old 11-19-2009, 11:27 AM
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Post Barratt shelves apartments as lenders prefer houses

Barratt Developments is to focus on building houses rather than apartments, in response to lenders’ preferences.The group’s chief executive, Mark Clare, says the company will build what it knows it can sell and in the case of apartments, lenders are making life difficult for mortgage borrowers by asking for deposits of 25%.The oversupply of new-build [...]

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