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Banks wary of over-valued land

Language: English Series: New Builder ; (135) 28 June 1992, 5(1)Publication details: 1992Subject(s): Summary: Banks are considering insisting on regular and independent valuations of housebuilders` landbanks since some companies are borrowing on over-valued land as security.

Banks are considering insisting on regular and independent valuations of housebuilders` landbanks since some companies are borrowing on over-valued land as security.