64% of UK lenders expect credit crunch to last at least 6 months (UK)

A new survey, published today by property consultants GVA Grimley Ltd, reveals that 64% of the UK's top lending institutions believe the current credit crunch will last for six months with over 35% predicting it would last at least a year. The Bank Lending Survey, carried out during December 2007, surveyed banks with a total annual lending to the property sector close to