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Commercial property market smothered by ‘gigantic’ rate swap costs

Posted on 16 April 2012

Britain’s struggling commercial property market is being smothered by the “substantial” costs associated with controversial swaps sold by some of the UK’s biggest banks.
Property owners and developers face paying penalties of as much as 23pc of their loans simply to cancel long-dated interest rate swaps, according to research by advisers CBRE………………………………………..Full Article: Source


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