Tuesday, Nov 13, 2007
Freefall
Firstrung: Mortgage lending for house purchase falls over 20% in a month - CML
September's total of £30.6 billion was lower than August's (£34 billion) but higher than a year ago (£29.2 billion in September 2006). At £12.7 billion, house purchase borrowing was lower than in both the preceding month (£16.2 billion) and in September last year (£13.9 billion).
Posted by converted lurker @ 08:51 AM (398 views) Add Comment
2 Comments
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1. Symo said...
What no buyers>?>>??? How on earth will house prices KEEP RISING IN VALUE as promised by all the experts in the media. Shorely shome mishtake?
2. Flapjack said...
'Looking forward, affordability is likely to continue to constrain buying activity ...' - the CML said!! They mean that house prices are too high. C'mon guys spit it out!!