Ten German banks among 23 UK lenders over £20m - Savills

German banks comprise 10 of the 23 lenders identified by international realtor Savills as providing external finance for deals over £20m in size to UK commercial or residential property in the second half of this year. The list, taken from a database of over 100 lenders, indicates property lending activity is growing now, following a low point in in 1H09. "Major names have stated strong ambitions to lend following pricing corrections and a reduced cost of funding," said Savills UK head of valuation William Newsom. "In March when we conducted our last survey, we weren't aware of any banks prepared to lend above £100m on their own, but today perhaps half a dozen are prepared to do so." The 23 financing institutions so defined are, in alphabetical order: Aviva, Bank of London and Middle East, Barclays, Canada Life, Coutts & Co, DekaBank, Deutsche Pfandbriefbank (formerly Hypo Real Estate), Deutsche Postbank, DG Hyp, Eurohypo, Helaba, HSBC ING Real Estate Finance, Investec, Landesbank Baden-Wurttemberg, Landesbank Berlin, Lloyds, Munich Hyp, Nationwide BS, Nord LB/Deutsche Hypo, Royal Bank of Scotland, Santander, and Westdeutsche Immobilienbank. (Full story to appear in upcoming issues of PFE/PIE)