News Tag: high deposits
November 19, 2009
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 apartments in the UK's ...
Barratt shelves apartments as lenders prefer houses
by Gill Montia
