The Telegraph has this interesting article online today (24th of October) – In a post Brexit world, will the banks all be piling out of London?
“There are those in the City and its environs who are delivering a very dark vision of what the Square Mile could look like after the UK leaves the European Union.”
Is that really the case? James Quinn doesn’t think so for 4 reasons…
We’ve had regular conversations with clients and just in general about the impact Brexit is having. There are those that still insist we must pull back and that an exit, no matter how soft, will be a total disaster. Others thing the short term pain will be worth it in the long run and can’t wait for it to be done and dusted.
It’s not news to say that uncertainty is not what markets like and investors are no different. So, for some in the short term market, off the high street, it has meant that their bridging loan and development facilities have been hit.
Of course, there is still plenty of money out there and there are lots of options for clients with quality projects and proposals – Lenders need to lend!
To talk about your next project, get in touch – no cost or obligation.