Terra Nua Building Contractors supports the CIF position regarding Mortgage lending by banks

Posted on Posted in Latest News

It is becoming increasingly obvious from the numbers of potential clients we are seeing that the Banks are simply not lending at the level or rate that they might have us believe. We have many clients who have land, planning permission, two good jos, but no mortgage approval, and so cannot proceed with their projects. It is time for the government to take action on this matter. If they do not, then we cannot expect any kind of a recovery in the residential construction sector.