British bank stops issuing mortgages for UAE flats
Nov 10th, 2008 | By RT Staff | Category: International RealtyIn a sign of worsening lending conditions, a British bank announced today it had stopped granting mortgages for UAE apartments and is now requiring a 50 per cent down payment for villas, a spokesman said.
“Due to exceptional global market conditions, Lloyds TSB Middle East has altered some aspects of its mortgage product offering,” the spokesman [...]