That was the week that was, as many a politician would confirm, most of whom will be looking over their shoulders as the newspapers follow up their sources of the expenses row trying to find any little snippet of who has had their snout the trough and will certainly not come up smelling of roses.The public anger over the expenses claim will not go away anytime soon as many individuals who may have lost their job,home,business, or just struggling to live cannot fail to be unimpressed by the lack of any real appology from those who transgessed. The pathetic excuses that are trotted out by the individuals who have not taken onboard that if you cannot be left to make genenuine claims that relate to your occupation only how can you be considered fit to govern the country.
The ongoing investigation is taking the headlines and what a great time to get rid of any bad news hidden in some of the least read papers with just a few lines of text.
The main problem in the UK at this moment in time is the lack of funds that are comming out of the main stream lenders as we speak. There is a lot of hotair and not much substance.When you are trying to place what we feel is a good case with all the boxes ticked, why does it seem like pass the parcel with no one wanting to get caught holding the parcel as if its a life time invite to the mother inlaw from hell to come and live with you.
We all know that risk is a red hot parcel that no one wants to get caught with in the current market, but come on guys, banks are there to lend and if you stop lending how can you call yourself a bank.The banks will of course claim that they are wanting to lend but cherry picking does not even touch it when trying to describe the attitude of the dreaded credit committee.
The commercial market is very busy at present with clients all looking for a bargain, so we have surveyors running around trying to value with the banks throwing up all sorts of obsticals in the path of a open market fair valuation to which we can all work with.
The demand for commercial mortgages, finance and business loans is very srong with lots of good clients who tick most of the boxes, but just when you thought you had got to the top of the mountain and crawled over the peak only to find another rock face in front of you.
The one thing we must not do is get down about the current situation, it will not change overnight, the trickle of commercial mortgages will turn slowly into a small stream before it becomes a river. When we reurn to normal lending there is going to be a lot of dissatisfied customers who will be looking to change banks and get away from the restraints that have been imposed on them.
The grass is not always greener on the other side of the fence, but we would like to see it anyway, and the grass of commercial mortgages, finance, and business loans could not look any greener or sweeter if only we could touch it feel it, smell it and have access to it.
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