Wednesday, Dec 20, 2006

33.1b lent in mortgages in November

BBC News: Mortgage lending hits new record

Data from the Council of Mortgage Lenders shows that a new record amount of mortgage lending took place in November, despite the IR rises in October. This is a 19% increase compared to last November's figures.

Posted by jellycaster @ 11:34 AM (497 views)
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1. harold said...

"Mortgage lending hits new record" - due to people buying houses hand over fist? Er, no - due to MEWing for Christmas.

Wednesday, December 20, 2006 01:51PM Report Comment

2. uncle chris said...

Does anyone know - do these figures make allowances for the old mortgages that are paid off when a re-mortgage takes place, or is this totally new borrowing?

Wednesday, December 20, 2006 03:07PM Report Comment

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