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plummet expert

Lending Recovery Claim Is False

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Everyone on HPC should read this well written article http://www.mindfulmoney.co.uk/wp/shaun-richards/all-the-intervention-in-the-uk-house-market-is-creating-quite-a-mess/

It lets us know that the supposed increase in mortgage lensing is actually a fall - by 36 mortgages in April compared to March.

This Govt seems to have no idea how foolish it has been with all their intervention in the housing market doiing a lot of damage and actually no good atall!! :angry: :huh:

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So the various interventions have nudged net lending modestly higher as there were fears in 2012 that it might be consistently negative. However if we look at the likely path we see that even this may not be maintained.

The number of loan approvals for house purchase was 53,710 in April, compared to the average of 53,729 over the previous six months

Not much sign of an improvement there. To be precise there were 36 MORE mortgages approved than in March.

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  • 241 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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