The ‘credit crunch’ – how is it affecting care home owners?

Posted on February 1st, by editor in Caring Times. No Comments

By RICHARD NUNN of GRP Finance, Tel: 020 8336 0030, E:

Despite the care sector still being a robust market and generally viewed favourably, it is unfortunately being caught up in the wider economic problems caused by the sub prime crisis and the well publicised difficulties being experienced by the banks.

Consequently, some home owners’ attempts to raise new mortgages for business expansion or loans for redevelopment are proving either difficult or far more expensive, irrespective of their own good track record.


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