Real Estate

property loan

Spanish 'Bad Bank' to Absorb its Worst Property Assets and Defaulted Loans

Spain's government has approved the creation of a so-called "bad bank" that will take over most of the nation's worst property assets and defaulted loans, reported Reuters over the weekend, in an effort to secure some much-needed eurozone bailout money for the nation's loss-making banks and to reform a banking industry devastated by a property crash.

Proportion of bad property loans in Spain increases

The proportion of non-performing loans on the books of Spanish banks hit its highest recorded level in June.

EverBank Snares GE’s Business Property Lending Unit

JACKSONVILLE, FL-EverBank Financial Corp., based here, is buying GE Capital Real Estate’s Business Property Lending unit in an all-cash $2.5-billion deal announced Monday. The unit lends on essential-use properties owned or leased by small and midsize businesses.

Banks step up loan recovery by auctioning mortgaged property

HYDERABAD, JUNE 4: Think twice before defaulting on your home/property loan. You might simply lose your asset.

Buying a property? Learn about loan to value

The Reserve Bank of India has brought about many new directives and guidelines in order to curb speculation in the property market as the sector stands poised for a revival post recession recovery.

NAB to quit UK property lending market

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/ff69815c-924d-11e1-abdf-00144feab49a.html#ixzz1toaW87HX National Australia Bank has announced plans to clean up its UK business, retrenching to its northern heartlands and cutting 1,400 jobs, as it attempts to boost returns at its lossmaking Clydesdale and Yorkshire banks.

Spain’s Surging Bad Loans Cast New Doubts on Bank Cleanup

Spain’s surging bad loans are spurring doubt on whether the government can persuade investors that it can clean up the country’s banks without further damaging public finances.

Spain’s Property Purge No Panacea for Loan Drought

Spain’s bid to unblock the flow of credit to its economy by imposing 50 billion euros ($66 billion) of charges on banks for their real estate may not be enough to make them lend and persuade consumers to borrow.

More loans available for UK property buyers

More mortgages are being granted for buyers in the UK residential property market but experts are divided over whether this is a blip or the start of the road to recovery.

Mind the gap if you use a bridging loan

Bridging loans can help you snap up a bargain holiday home, but it's important to be aware of the risks. With house prices abroad falling by as much as 70 per cent, more UK buyers are tempted by bargain holiday home investments, turning to short-term lenders to seal a quick deal.

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