Realistbear Posted January 18, 2007 Share Posted January 18, 2007 http://uk.biz.yahoo.com/18012007/214/mortg...ember-high.html Thursday January 18, 11:30 AM Mortgage lending hits record December high LONDON (ShareCast) - Gross mortgage lending hit a record high in December, according to a new report published today, fuelled by rising house prices. The Council of Mortgage Lenders said gross mortgage lending rose 8% on the year in December to £29.4bn. a record for the month. The data was published a day earlier than usual , with mortgage lending figures from the British Bankers' Association and Building Societies Association both due tomorrow. The debt mountain grows ever higher! More reason for Merv and the lads to keep on hiking. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 18, 2007 Author Share Posted January 18, 2007 Hello? Quote Link to comment Share on other sites More sharing options...
Guest Alright Jack Posted January 18, 2007 Share Posted January 18, 2007 Hello? Ever heard of the story of the boy who cried wolf? Stop talking shit and maybe people will answer you. Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted January 18, 2007 Share Posted January 18, 2007 RB, you missed an opportunity to spin this: This was down by 11% on the all-time record of £33.1 billion reached in November It was also the lowest monthly figure since May. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted January 18, 2007 Share Posted January 18, 2007 Ever heard of the story of the boy who cried wolf?Stop talking shit and maybe people will answer you. How is quoting a legitimate news story 'talking shit'? Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted January 18, 2007 Share Posted January 18, 2007 How is quoting a legitimate news story 'talking shit'? Well the CML are talking sh*t so I suppose repeating it might amount to sh*t spreading Quote Link to comment Share on other sites More sharing options...
Jason Posted January 18, 2007 Share Posted January 18, 2007 This is gross lending, i.e. it means nothing. Net lending is the figures you need to look at, but when will they be released? I can't find it on the CML website. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 18, 2007 Author Share Posted January 18, 2007 As it was December's borrowing it could have a large MEW content to buy Christmas Tat? Interesting that it dropped by more than 10%. Lines up with the LR data that said the housing market slowed in the last Q. Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted January 18, 2007 Share Posted January 18, 2007 This is gross lending, i.e. it means nothing. Net lending is the figures you need to look at, but when will they be released? I can't find it on the CML website. I think the BoE provides the net lending and, more importantly, the lending for home purchase figures Quote Link to comment Share on other sites More sharing options...
Warwick-Watcher Posted January 18, 2007 Share Posted January 18, 2007 http://uk.biz.yahoo.com/18012007/214/mortg...ember-high.htmlThursday January 18, 11:30 AM Mortgage lending hits record December high LONDON (ShareCast) - Gross mortgage lending hit a record high in December, according to a new report published today, fuelled by rising house prices. The Council of Mortgage Lenders said gross mortgage lending rose 8% on the year in December to £29.4bn. a record for the month. The data was published a day earlier than usual , with mortgage lending figures from the British Bankers' Association and Building Societies Association both due tomorrow. The debt mountain grows ever higher! More reason for Merv and the lads to keep on hiking. 11 million mortgages and 1 trillion in borrowing - makes average mortgage about 100k. Given that many people over, say 50, won't have anything like that level of borrowing I wonder how many people have mortgages over say 200k which means last week's rise using I/O on Standard Variable Rate means about 30 quid a month ? Quote Link to comment Share on other sites More sharing options...
bloke_down_the_pub Posted January 18, 2007 Share Posted January 18, 2007 (edited) 11 million mortgages and 1 trillion in borrowing - makes average mortgage about 100k. Given that many people over, say 50, won't have anything like that level of borrowing I wonder how many people have mortgages over say 200k which means last week's rise using I/O on Standard Variable Rate means about 30 quid a month ? Who cares about £30 a month increase when their property value is increasing by £30 every day. Edited January 18, 2007 by bloke_down_the_pub Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted January 18, 2007 Share Posted January 18, 2007 Who cares about £30 a month increase when their property value is increasing by £30 every day. Unfortunately, not everyone is living in Ireland! £30 a day can't continue for ever. FACT! Quote Link to comment Share on other sites More sharing options...
www Posted January 18, 2007 Share Posted January 18, 2007 Hahaha you lot need the moderators to save you! What sort of a site is this!? How pathetic can you get?! You are no better than the other websites who bans anyone with your viewpoint. As I said before, if you can't take a bit of stick your are fundamentally weak. You all need a father figure. You whine and bleat about how cruel the world is while you hope for a crash so you can make a killing at the expense of other people's misery You scum are the worst scum of ALL!! Ban me mods you ******ing cretins, you'll be doing me a favour anyway i'LL GET MORE WORK DONE RATHER THAN WASTE MY TIME ON HERE DOING UNPAID TYPING. This site is shit! GCSE economics, links to mainstream news and group hugss. WHAT IS THE POINT F.U.C.K OFF YOU MORONS Quote Link to comment Share on other sites More sharing options...
look to the past Posted January 18, 2007 Share Posted January 18, 2007 £30 a day can't continue for ever. FACT! If inflation is running at a high enough rate then it can - Fact a 4% inflation rate on a £300000 house works out to be about £30 a day (I think) Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted January 18, 2007 Share Posted January 18, 2007 Hahaha you lot need the moderators to save you!What sort of a site is this!? How pathetic can you get?! You are no better than the other websites who bans anyone with your viewpoint. As I said before, if you can't take a bit of stick your are fundamentally weak. You all need a father figure. You whine and bleat about how cruel the world is while you hope for a crash so you can make a killing at the expense of other people's misery You scum are the worst scum of ALL!! Ban me mods you ******ing cretins, you'll be doing me a favour anyway i'LL GET MORE WORK DONE RATHER THAN WASTE MY TIME ON HERE DOING UNPAID TYPING. This site is shit! GCSE economics, links to mainstream news and group hugss. WHAT IS THE POINT F.U.C.K OFF YOU MORONS 'Post of the Day', surely? Quote Link to comment Share on other sites More sharing options...
look to the past Posted January 18, 2007 Share Posted January 18, 2007 Hahaha you lot need the moderators to save you!What sort of a site is this!? How pathetic can you get?! You are no better than the other websites who bans anyone with your viewpoint. As I said before, if you can't take a bit of stick your are fundamentally weak. You all need a father figure. You whine and bleat about how cruel the world is while you hope for a crash so you can make a killing at the expense of other people's misery You scum are the worst scum of ALL!! Ban me mods you ******ing cretins, you'll be doing me a favour anyway i'LL GET MORE WORK DONE RATHER THAN WASTE MY TIME ON HERE DOING UNPAID TYPING. This site is shit! GCSE economics, links to mainstream news and group hugss. WHAT IS THE POINT F.U.C.K OFF YOU MORONS We all agree with this part “i'LL GET MORE WORK DONE RATHER THAN WASTE MY TIME ON HERE DOING UNPAID TYPING.” Quote Link to comment Share on other sites More sharing options...
margamboy Posted January 18, 2007 Share Posted January 18, 2007 Hahaha you lot need the moderators to save you!What sort of a site is this!? How pathetic can you get?! You are no better than the other websites who bans anyone with your viewpoint. As I said before, if you can't take a bit of stick your are fundamentally weak. You all need a father figure. You whine and bleat about how cruel the world is while you hope for a crash so you can make a killing at the expense of other people's misery You scum are the worst scum of ALL!! Ban me mods you ******ing cretins, you'll be doing me a favour anyway i'LL GET MORE WORK DONE RATHER THAN WASTE MY TIME ON HERE DOING UNPAID TYPING. This site is shit! GCSE economics, links to mainstream news and group hugss. WHAT IS THE POINT F.U.C.K OFF YOU MORONS Well put mate.......Was thinking the same myself. I have no mortgage and at present a £200,000 property but still I feel for all those poor buggers forced to buy property at these prices just to keep the wheels of the country turning. Then you get some twisted, nothing better to do loser come on here with sayings such as bloodbath, Negative equity , Families on the street. what kind of people are you!!!!! Even if prices fell to average £40,000 half on here could still not afford to buy anyhow..Losers!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
VacantPossession Posted January 18, 2007 Share Posted January 18, 2007 Well put mate.......Was thinking the same myself. I have no mortgage and at present a £200,000 property but still I feel for all those poor buggers forced to buy property at these prices just to keep the wheels of the country turning.Then you get some twisted, nothing better to do loser come on here with sayings such as bloodbath, Negative equity , Families on the street. what kind of people are you!!!!! Even if prices fell to average £40,000 half on here could still not afford to buy anyhow..Losers!!!!!!!!!!! A mistake to assume that just because someone might not agree with you that they are losers. A big mistake to assume that just because someone would like a commodity to be cheaper that means they can't afford anything at all. Have you ever called a plumber and been charged £200 just for him setting foot in your door? If you objected to this, does that make you a loser and also imply you do not have any money? VP Quote Link to comment Share on other sites More sharing options...
worzel Posted January 18, 2007 Share Posted January 18, 2007 The loser troll seems to hyave gone to the trouble of posting on a variaety of threads. The point of a discussion board is surely to have a discussion, not put out a blanket statmenet that everyone is a muppet. This really doesn't achieve anything other than make the persont aht says look like a bit of a plonker, which they must be or else they'd have something more constructive to add. Oh well, that the beauty of the internet, anyone can say what they want, the other beauty is that the plonkers can be politely ignored. Quote Link to comment Share on other sites More sharing options...
margamboy Posted January 18, 2007 Share Posted January 18, 2007 A mistake to assume that just because someone might not agree with you that they are losers.A big mistake to assume that just because someone would like a commodity to be cheaper that means they can't afford anything at all. Have you ever called a plumber and been charged £200 just for him setting foot in your door? If you objected to this, does that make you a loser and also imply you do not have any money? VP People are not just looking for a cheaper deal on their house they are trying to bring every working class family with them, Thats what I do not agree with........ Quote Link to comment Share on other sites More sharing options...
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