What does the Bank guarantee mean for property developers?!!

As a FTB in waiting i am interested to see if this state guarantee will mean anything for property developers who are up to their necks in debt with the banks. I have been surprised by the lack of press this aspect of the guarantee has attracted as i believe it may have a bearing on our property market.

Anyone any thoughts?

The longer the banks survive the developers will. If bank X went under, its assets (loans to developers etc) likely end up in the hands of someone much less accommodative very quickly.
Imagine…suddenly being asked to pay interest on your loan XD

Very true!

I guess we will find out how bad things are on October 14th