When the going gets tough
Language: English Series: Estates Gazette ; (0911) 21 March 2009, 116(1)Publication details: 2009Subject(s): Summary: Explains that property investors may face difficult relationships with their banks during the current economic downturn and gives some advice on how to deal with this situation. Reveals that banks can freely transfer their rights to loans without the investor's consent and that a new lender could mean a dramatic change in the investor's banking relationship, which might involve a pre-pack. Cautions that investors should be aware of circumstances that can cause a default and the legal processes for enforcement.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L147048 (Browse shelf(Opens below)) | 1 | Available | 147048-1001 |
Explains that property investors may face difficult relationships with their banks during the current economic downturn and gives some advice on how to deal with this situation. Reveals that banks can freely transfer their rights to loans without the investor's consent and that a new lender could mean a dramatic change in the investor's banking relationship, which might involve a pre-pack. Cautions that investors should be aware of circumstances that can cause a default and the legal processes for enforcement.