Thursday, April 25, 2024

Still high demand for mortgages

Date:

Share post:

BARBADIANS have not stopped pursuing their dream of owning a piece of the rock. Current tough economic times have only made them more budget conscious.

In fact, financing home purchases is a key area banks are focused on and their most significant area of business in personal lending.

“The fact that you are seeing a lot of advertising around mortgages means there is still a lot of interest,” said Glyne Harrison, president of the Bankers Association of Barbados.

Harrison said there was still interest in land purchases as well as home mortgages. And these mortgages are not only in terms of full-blown properties, but relate to situations where people get bridging loans to actually buy land and start construction. (SP/HLE)

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

British Airways celebrates 70 years in Barbados

SEVENTY YEARS AGO, the first direct British Airways (BA) flight landed in Barbados. Yesterday, the Barbados Tourism Marketing Inc...

Body found near Culpepper

There are reports reaching The Nation that a body was found in the area of Culpepper, St Philip. Initial...

Time to focus on national issues

ARE THE DEMS united, or are they fragmented? The reason I ask though is because shortly after Member of...

Dominica High Court overturns ban on same-sex relations

Dominica's High Court has overturned a ban on consensual same-sex relations in the Caribbean island nation. The court ruled...