Friday, January 19, 2007

Net mortgage lending down sharply

Lower growth in net mortgage lending and continued weak consumer credit - BBA

Latest figures from the Major British Banking Groups, for December 2006, show that: Total sterling lending to the UK private sector showed a net underlying increase of £4.0bn (+0.3%) to £1,266bn. This was the weakest monthly rise in lending for over a year and compares with an underlying rise of £15.2bn in November and an average of £12.4bn over the previous six months

Posted by converted lurker @ 12:27 PM (515 views)
Please complete the required fields.

2 thoughts on “Net mortgage lending down sharply

  • A blog down below states that mortgage lending was at and all time high (CML) whereas this report states that Net mortgage lending is down sharply (BBA).
    The financial services sector or more precisely their PR depts are full of shit. I have not bought a newspaper for months and I don’t think contradictory crap like this is going to get me rushing to the newspaper stand.

    Please complete the required fields.

  • Not contradictory. The amount lent is still going up, just a lot slower than before. But as it is going up, and is already at its highest ever point, then every month sets a new record. From the look of the figures though it could well be falling soon. Then the CML will find it rather tricky to put a positive spin on those particular figures.

    I’ll bet this fall is due to the lower half of the property market – i.e. normal people rather than the multi million pound properties.

    This is a very good sign.

    I’d imagine the best info might come from attendance and bids at auctions – anyone know of available stats on this?

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>