Bank lending is taking on a more positive outlook, according to a property investment advice firm.
Property investment firms will be pleased to hear that things may be improving for
commercial mortgage lending.
According to the latest research from Assetz, banks are slowly becoming more willing to commit to larger loans at more competitive rates.
There has even been an improvement in commercial mortgage lending for buy-to-let investments, the property investment advisory firm noted, a sector that has suffered particularly from bankers' caution.
Chief executive officer Stuart Law said that the market has seen a moderate yet continual "firming up", continuing a trend that was briefly put on hold by political uncertainty.
"It is a continuation of what was going on before the election. People are reacting, and they are buying and borrowing money to buy because the terms they can get from the banks are reasonable," he explained.
BNP Paribas recently claimed that
commercial development asset values are not likely to reach pre-recession levels again for around 15 years.
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