(Bloomberg) -- Move over banks: Insurance companies and credit funds are lending more against U.K. commercial property, according to a report published by Cass Business School. So-called shadow lenders are building market share because banks can't respond to the demand for higher loan-to-value ratios in a market that's reached a peak. Total loan origination in 2017 was unchanged from a year earlier at 44.5 billion pounds ($61.4 billion).
To contact the reporter on this story: Jack Sidders in London at jsidders@bloomberg.net.
To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Patrick Henry, Sheldon Reback
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