Friday, Mar 12, 2010
Mortgage lows continue
CML: January cheaper property sales hit by end of stamp duty holiday
There were 49% fewer house purchase loans in January than in December but only 15% fewer remortgage loans. However, the 32,000 loans for house purchase, worth £4.7 billion, were up from the low of 23,000 (worth £3.1 billion) seen in January 2009. Conversely, the 24,000 loans for remortgage, worth £3 billion, were down from 45,000 (£6.2 billion) a year ago. This is the lowest monthly level of remortgage activity - both by number and value - in eight years of available data.
Posted by dill @ 01:30 PM (336 views) Add Comment
1 Comment
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1. paul said...
No, but ... it's the weather that's to blame, remember?