OpinionIndustry News

Banks in U.K. lend money for ‘anything’

From Global Edge

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Editor's note: This item is republished with permission from Global Edge Marketing Ltd. The original post can be viewed here. Banks, under pressure from the U.K. government for not lending enough, are offering "low risk" investors money to buy "anything," according to a fascinating report by London's Evening Standard. One high-profile individual said he takes regular calls from his bank informing him it is desperate to lend him money. When he asked what for, the bank said "anything." Property, bonds, shares -- it did not matter. In many cases, investors find the offer too tempting to refuse. They reason that if the bank loan costs them 1.5 percent, they ought to be able to do better than that in the stock market or property. So they can invest the money and turn a profit. Investor-driven market If you have the right connections and offer the right product, it seems the overseas property market is alive and well. Industry dynamics have certai...