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.

Find a Miele dealer


Latest blog posts

Look East old chap

By Caring Times editor GEOFF HODGSON

A certain amount of self-regard is no bad thing, but I can’t say the same about those, usually younger, people...

The flowers that bloom in the Spring

By Caring Times editor GEOFF HODGSON

We spent the long weekend just gone mainly in our garden and on our allotment, planting, pruning, weeding, watering and...

Running to stand still

By Caring Times editor GEOFF HODGSON

Last week, in giving evidence to the – wait for it – Housing, Communities and Local Government Committee and the...