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Thursday 11th of March 2010

News Tag: high deposits

November 19, 2009

Barratt shelves apartments as lenders prefer houses

by Gill Montia
”Barratt
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 ...