Posted by Becca_FL on 9/11/07 9:10am
Msg #210277

Credit woes cross the pond &

The subprime implode hits the UK.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/11/cncredit111.xml

Reply by Teresa/FL on 9/11/07 12:09pm
Msg #210325

I do a few closings each month for British investors buying "holiday homes" and they tell me it is getting more and more difficult to get loans for U.S. properties. Also, they can only finance 70% of the purchase price.