Tuesday, Oct 16, 2007
Demand is drying up
Telegraph online: Third of mortgage applications denied
Almost one in three mortgage applicants have been rejected by lenders in the past six months as the credit crunch takes its toll on home buyers. Banks and building societies are not only increasing the rates they charge home buyers, they are also tightening their lending, as they try to recover lost profits from the fall-out of the turmoil in the financial markets.
Posted by bloke111 @ 08:34 AM (343 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. dohousescrashinthewoods said...
Houso prices to follow. There goes demand and there's no shortage of supply.
2. alan said...
The drying up of mortgage offers was identified on this website about a month ago. It's interesting that some statistics have now been published and the Telegraph (along with most of the media) have found it worthy of comment.
3. new_order said...
Alan, we are being watched. We are perceived as a threat to the economy.