Tuesday, Apr 17, 2007
Credit tightening on mortgages
Home.co.uk News: Mortgage rejection misery intensifies
Cautious lenders have rejected over 460,000 mortgage applicants in the past six months, according to a recent survey...
Reuters reports that over 463,000 people were refused a mortgage in the half-year to mid-March, with applicants aged 18-34 the worst affected, the research by financial comparison Web site MoneyExpert.com found.
With another interest rate rise widely anticipated next month, the number of rejected applications could mount.
Posted by tinecu @ 12:57 PM (134 views) Add Comment
1 Comment
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1. sirgoogle said...
Well if this does not produce a downward pressure on asking prices nothing will