Banks holding back pub property recovery
Bank demands for 45 per cent deposits are continuing to prevent a recovery in the pub property market, according to a leading pub sales agent.
Mark Grieg, managing director of London-based Paramount Investments criticised what he called the continued reluctance of banks to lend to potential pub buyers, saying that businesses are still “paying the price for the banks’ recklessness in the years prior to the crisis of 2008”.
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