Monday, Sep 20, 2010
One for Alan
Yahoo / reuters: Gross mortgage lending falls 6 percent year-on-year in August
Gross mortgage lending fell 6 percent year-on-year in August to 13.3 billion pounds, the Council of Mortgage Lenders said on Monday.
That was the lowest August total since 2000 and represented a drop of 14 percent from July.
The figures chimes with other surveys in showing a cooling in the housing market following a sharp recovery in the second half of 2009.
Posted by mark @ 10:00 AM (509 views) Add Comment
2 Comments
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1. Crunchy said...
"We face the prospect of a difficult second half of the year," said CML chief economist Bob Pannell. "However, the Bank of England is likely to keep interest rates at record lows for longer to support the economy. This will continue to alleviate payment pressures for many borrowers."
Nice to Mervyns eye still on the ball. To support the ecomony? Two years on?
Cryptic Merv joins Mysterious Dave and the remaining head of the Beast of Burden to breathe more fire into the inferno.
The last time I saw that stunt something collapsed en masse.
2. alan_540 said...
That's more like it.