Monday, Sep 14, 2009
Mortgage Lending increases significantly
Telegraph: Mortgage Lending increases significantly
Mortgage lending has improved further, rising 19 per cent higher during July than in the same month of last year, according to the Council of Mortgage Lenders.
Posted by kp @ 11:23 AM (380 views) Add Comment
7 Comments
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1. waitingfor hpc said...
and by which banks? and % of what. I wonder how much of this figure is people switching mortages?
2. Smiling said...
Mortgage lending has improved further, rising 19 per cent higher during July than in the same month of last year, according to the Council of Mortgage Lenders.
really? must be the spring bounce or the clunkers scheme!
3. Capt. Picard said...
Who's this "kp" anyway?
I've notices he/she posts most of the bullish stuff here on the news blog, but I can't locate him/her among the members.
4. titaniccaptain said...
KP why do you think mortgage lending went up in July?....if it did
5. Kp said...
dont shoot the messenger guys
6. denzil said...
Just read the article. I know I'm thick but can anybody explain what the following (taken verbatim) from the article actually means!
"The number of loans approved for first-time buyers has also improved, rising by 18 per cent from June to 20,400 in July"
7. techieman said...
Thing is what is a first time buyer? Is it someone who has really only bought for the first time or does it include someone that has nothing to sell - e.g. was in the market, liquidated and then rented? Good to see the double act are back though.
http://www.youtube.com/watch?v=KX5jNnDMfxA
discussing chance of prices breaking the highs before we get new lows :-).