Wednesday, Nov 21, 2007
Net advances were £1,124m in October 2007, versus £1,661m in October 2006
Firstrung: Building Society net advances down 30% year on year - BSA
"Although building society lending in October was greater than in previous months, activity is still subdued in comparison to last year, with gross advances amounting to £4,654m in October, compared to £4,936m in October 2006. The mortgage market looks set to cool further as the impact of the higher interest rates and tighter credit conditions more generally continue to feed through."
Posted by converted lurker @ 09:36 AM (224 views) Add Comment
1 Comment
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1. the reaper said...
according to Judith heywood in the times t'other day,all sheeple have to do is withhold their house from the market and prices will stay sky high...lol.With figures like these coming through,you do wonder what data they're using.