No need for panic selling, says management firm - commercial mortgages

23 January 2008

In news which may interest those with commercial mortgages, investment management firm Hargreaves Lansdown has warned against the panic selling of commercial property assets.

Senior Analyst at the firm Meera Patel said that the market was cyclical and while some investors would be seeing the value of their assets falling at present, if they held their nerve and retained them in the longer-term they would see them rise in value again.

She added: "Yields are beginning to creep up again and once they reach levels of around six or seven per cent, it could potentially be a good buying opportunity again."

Ms Patel also stated that the actions of some investment funds in placing embargos on withdrawals was also no reason for selling up.

Scottish Widows announced yesterday it was becoming the latest fund to restrict access from small fund holders to their investments.

Any withdrawals made from the fund will be subject to a 180-day delay.