Interest rates

A recovery for REITs has been helped by loan-to-value ratios remaining more manageable than expected during the crisis, according to the bank’s analysts.

Former Mark Capital executive assembles team of six at new firm Akkord to meet demand for help with problem assets.

Mark Branson said lenders will be under pressure as the credit quality of real estate loans continues to decline.

The German listed company is seeking to secure new terms on a bridging facility and bond debt maturing in 2024.

Refinancing risk will drive a further tightening of credit conditions, according to the central bank.

Expectations of 2024 rate cuts are already factored into base lending rates, according to market watchers.

Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.

The ratings agency is reviewing its ratings of a £367m commercial mortgage-backed securitisation secured by the City of London tower.

The loan servicing specialist expects collaborative discussions to continue, but fewer loan extensions to be agreed.

A belief that more stable macroeconomic conditions are ahead is encouraging market participants to resolve situations of stress, and tackle refinancing needs.