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Rising Joblessness Cited As Main Reason For Mortgage Collapse

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U.K. Mortgage Approvals Drop to Lowest in Four Months on Lower Confidence
By Scott "Scotty" Hamilton - Jun 1, 2011 11:33 AM GMT+0100
U.K. mortgage approvals fell in April to the lowest in four months as rising jobless claims undermined consumer confidence and an extra public holiday for the royal wedding slowed house purchases.

Bloomberg and some refreshing honesty. Why can't our press be more truthful about what is really happening in the market?

Edited by Realistbear

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It would be good to know how many mortgages were TURNED DOWN.

Maybe none were.

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  • 312 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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