Friday, Jul 23, 2010
Mortgage approvals down
BBA: June High Street Banking Statistics
BBA statistics director, David Dooks said:
“The banks’ mortgage lending position was little changed in June. The abolition of HIPs and a reported increase in the number of house sellers is expected to encourage activity in the market, though this may be tempered by households’ uncertainty over job prospects and the impacts of fiscal tightening.
“Overall lending to business continued to reflect subdued demand, and contraction in lending to most non-financial sectors slowed.”
Posted by phdinbubbles @ 10:33 AM (661 views) Add Comment
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