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Building Societies Lending Figures

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http://www.bsa.org.uk/docs/presspdfs/month...gs_august07.pdf

Although the BS only count for around 15% of the total lending figures - I was surprised at how low these lending figures were.

As far as I can tell the Seasonally adjusted figure of 3594 mortgages is the lowest since May 2005.

A 15% Non-SA drop in mortgages MoM and an 8% SA drop MoM

the SA figure is 27% lower YoY!!

That is a huge decline in lending levels. The banking figurs on the 28th and the BOE figures at the end of the month will make interesting reading.

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http://www.bsa.org.uk/docs/presspdfs/month...gs_august07.pdf

Although the BS only count for around 15% of the total lending figures - I was surprised at how low these lending figures were.

As far as I can tell the Seasonally adjusted figure of 3594 mortgages is the lowest since May 2005.

A 15% Non-SA drop in mortgages MoM and an 8% SA drop MoM

the SA figure is 27% lower YoY!!

That is a huge decline in lending levels. The banking figurs on the 28th and the BOE figures at the end of the month will make interesting reading.

"As far as I can tell the Seasonally adjusted figure of 3594 mortgages is the lowest since May 2005." --

And it's SPUN out today as if more and more people are eagerly and desperately climbing on to the housing "market"..... :P

Edited by eric pebble

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i posted a few weeks ago that i had seen figures that indicated a decline in mortgage approvals - these would have been more building society than mainstream - if these were to be reflected in the mainstream market then that would be very promising

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