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Mortgage Lending 'picks Up Again'

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The recovery rolls on:

http://www.bbc.co.uk/news/business-10937034

Also:

Retail sales unexpectedly up...

http://www.bbc.co.uk/news/business-11023404

Where do they collect these bloody retail sales figures? Whenever I pop into my local town centre, it's always dead as a dodo. My other half runs a shop, and since the election she's been struggling to stay afloat. People have just stopped spending - it's like they're all holding their breath and waiting to see what happens.

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That article is old. We're looking at July now.

http://www.cml.org.uk/cml/media/press/2694

Gross mortgage lending totalled an estimated £13.6 billion in July, a 5% increase from £12.9 billion in June but down 3% from £14 billion in July 2009, according to new data from the Council of Mortgage Lenders. The new data suggests that lending remains on track to meet our new revised forecast, published earlier this month, of £140 billion for the year as a whole.

Edited by Pent Up

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The recovery rolls on:

http://www.bbc.co.uk/news/business-10937034

Also:

Retail sales unexpectedly up...

http://www.bbc.co.uk/news/business-11023404

July gross mortgage lending down
LONDON (
Reuters
) - Gross mortgage lending in Britain fell three percent year-on-year in July to 13.6 billion pounds, the Council of Mortgage Lenders (CML) said on Thursday, describing the market as subdued.

Lots of press releases to try to bury the good news! :D

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I like their revised forecast...revised as the results come out.

Im sending them a free Bloo Loo Prediction kit.....the rubber version.

Yeah you just keep revising those forecasts CML :lol:

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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