Wednesday, Dec 20, 2006
£33.1b lent in mortgages in November
BBC News: Mortgage lending hits new record
Data from the Council of Mortgage Lenders shows that a new record amount of mortgage lending took place in November, despite the IR rises in October. This is a 19% increase compared to last November's figures.
Posted by jellycaster @ 11:34 AM (159 views) Add Comment
2 Comments
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1. harold said...
"Mortgage lending hits new record" - due to people buying houses hand over fist? Er, no - due to MEWing for Christmas.
2. uncle chris said...
Does anyone know - do these figures make allowances for the old mortgages that are paid off when a re-mortgage takes place, or is this totally new borrowing?