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Surrey cash buyer

Bba Figures Out This Morning

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BBA

Net mortgage lending rose by an underlying £5.4bn. This was higher than both the £4.7bn rise in February and the average of +£4.9bn over the previous six months. Unsecured personal lending fell by £0.4bn compared with an average rise of £0.5bn in the previous six months. Loans & overdrafts fell by more than £0.1bn, whilst credit card borrowing also declined by £0.2bn compared with an average increase of £0.2bn in the previous six months.
David Dooks, BBA director of statistics, said:

"The contrast between stronger mortgage lending and net repayments of unsecured borrowing suggests that individuals are optimistic about the housing market, though careful about card borrowing, overdrafts or taking on personal loans."

Mortgage lending up an extra £0.7bn, unsecured lending down £0.9bn. Aren't they missing the obvious conclusion that people are just borrowing against their homes to pay off credit card debits?

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BBA

Mortgage lending up an extra £0.7bn, unsecured lending down £0.9bn. Aren't they missing the obvious conclusion that people are just borrowing against their homes to pay off credit card debits?

PRECISELY!!!

Unfortunately, the populus are STUPID and believe this shyte!! :angry:

TB

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  • 339 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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