Tuesday, Mar 30, 2010
Tuesday morning bear food anyone?
The Times: First-time buyers struggle as mortgage lending falls to nine-month low
The number of mortgages granted to homebuyers fell to a nine-month low last month.
About 47,094 home loans were approved by banks and building societies, down from 48,099 in January and well below the levels seen late last year, data from the Bank of England showed.
The fall has increased concerns about the state of the housing market. Industry experts fear that a continuing lack of credit and muted growth in wages could dent the positive effects of the stamp duty holiday for first-time buyers that was announced by the Chancellor in last week’s Budget.
Posted by overnight_will @ 08:54 AM (145 views) Add Comment
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