Tuesday, Jun 20, 2006

May mortgage lending at second highest amount on record

BBC: May sees bumper mortgage lending

Gross mortgage lending in May hit 27.8bn the second highest figure since records began in May 1987 according to the Council of Mortgage Lenders (CML).

Posted by denzil @ 11:21 AM (516 views)
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1. Dadm said...

The CML seem to have a media relations department of similar strength to Number 10 Downing Street.

However, the media accept their press releases ....at face value....without question....no matter how flawed they may be.

...and I have no idea why

Tuesday, June 20, 2006 11:38AM Report Comment

2. Sloth said...

Just what the economy needs, more debt.

Tuesday, June 20, 2006 11:52AM Report Comment

3. tyrellcorporation said...

C'mon BOE do your job and sort these nutters out!!!

Tuesday, June 20, 2006 12:15PM Report Comment

4. harold said...

"The CML said lending was buoyed by a strong (London property market and) consumer confidence."

In other words, "Lending [i.e. MEWing] was 18% higher than in April and nearly 30% higher than in May 2005."

Convincing people to take on yet more debt is not an achievement the CML should shout about.

Tuesday, June 20, 2006 02:00PM Report Comment

5. Paul said...

Obviously an MPC interest rate decision is oooh, 3 weeks away. The mortgage industry is playing the MPC like a fiddle.

Tuesday, June 20, 2006 05:28PM Report Comment

6. George Monsoon said...

Hey guys and girls.. two words.. "SECOND MORTGAGE"

Tuesday, June 20, 2006 05:49PM Report Comment

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