Posts Tagged ‘housing finance’
Banks are tightening up their lending criteria
As a result of the Global Financial Crisis Australian Banks are now more cautious in lending money and as a result home purchases with finance clauses are causing headaches to Real Estate Sales Professionals. 2 buyers of mine have really struggled in the last month and one was told that after being pre approved that now they can’t buy. The buyers and sellers are devastated, but we have another buyer so hopefully all will be well in the end.
Graham
