Things are starting to ease here in the UK. There are fee free mortgages available now for the first time in months.

Hopefully we should be back to sensible lending in the next 6 months or so.

they wont survive??????? when did one last close????

__________________
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert (1754-1824)

The UK banks are making £8 BILLION every year just on current accounts.

http://money.uk.msn.com/banking/curr...mentid=8922409

This "manufactured" recession is just one big rip off.

__________________
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert (1754-1824)

Couldn't agree more. Banks are hiding behind "the credit crunch" to justify hikes in all sorts of charges, while they try and recoup their losses.

I could rant on this subject for hours!

Anybody for buying off plan and making payments to ANY building company in Tenerife right now?

NO

but you might pick up a good bargain as a resale on a recently completed development

__________________
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert (1754-1824)

and the next victim is Colonial: 2,38 billion euros loss this year so far..

Spain's Colonial posts 2.38 billion euro loss - Yahoo! News

__________________
Behave and you´ll get nowhere!

... losses blamed on "asset depreciation" ... yes of course .....

__________________

Janet Anscombe Associates
The Tenerife Experts
for anyone living in or moving to Tenerife
Visit our website www.janetanscombe.com