Sunday, Jan 20, 2008
Onteresting lending stats - Next release tomorrow 21st Jan 2008
Building Societies Association: RECORD SAVINGS INFLOWS CONTINUE BUT BORROWERS NEED TO PLAN CAREFULLY
“Gross lending was £4.1 billion, compared to £4.6 billion in November last year. This cooling of activity since 2006 is likely to be a consequence of higher Bank Rates and a tightening of credit conditions more generally.” Mr. Coles also urged holders of fixed rate mortgages that will be ending in the new year to use the Christmas period to start thinking about their new mortgage. He said: “People coming off a fixed rate in the new year are potentially looking at a big increase in their mortgage repayments. As a consequence, it is important they begin to consider their options to help make their repayments as low as possible when their fixed rate period finishes.
Posted by jack c @ 12:22 PM (245 views) Add Comment
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