Chapter INTM518070

Published date09 April 2016
Record NumberINTM518070
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

Property played a major part in the crisis which started to affect the world’s economies in 2008-2009. Many of the large banks had large property-related debts on their books. This has and will continue to affect the property market greatly, especially as these debts come up for renewal or replacement.

As a consequence of the changing financial environment, property values dropped considerably, but have recovered to some extent. This may have led to some investors relaxing LTV covenant expectations for a period, though they would have expected interest cover to be maintained. It is perhaps fair to say...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT