Tuesday, Apr 14, 2009
First-time buyers need to find a record typical deposit of 25%
BBC: Mortgage lending 'rises slightly'
The number of mortgages handed out by lenders rose slightly in February but activity in the market remains weak, according to a lenders' group. Loans for house purchases in February in the UK rose to 24,300, up by 4% compared with January, the Council of Mortgage Lenders (CML) said. But the group warned that activity in the market remained at a "very low level historically".
Posted by jack c @ 10:39 AM (659 views) Add Comment
3 Comments
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1. Sybil13 said...
Given that CEBR said in February that unless mortgage approvals went up to 55000 a month property prices would fall 40% + can't see why all the papers last week ran with CEBR said "property prices are rising " can you?
2. mark wadsworth said...
First-time buyers need to find a record typical deposit of 25%
Genius!
'nuff said.
3. mrflibble said...
25% deposit, no worries, here's Catalyst, have a 30% equity loan instead...
Fortunately there are only a limited number of idiots who can join this queue, at least for now!