Thursday, Mar 01, 2007
Signs of cooling house market as number of home loans drops
Yorkshire Post: Signs of cooling house market as number of home loans drops
THE number of people taking out a loan for a new home fell to its lowest level for two years in January, figures showed.
The British Bankers' Association (BBA) said that overall gross mortgage lending rose to £16.6bn in the month, 15 per cent more than the £14.5bn in January 2006.
But the number of people taking out a mortgage for house purchase fell from 45,039 to 37,804 year on year, in a possible sign of a cooling market
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