Thursday, September 27, 2007

Mortgage lending drops sharply v August 2006

Mortgage approvals for house purchases fall by 14% - BBA

Mortgage Lending: When compared to August 2006, house purchase approvals were down 14% by number and 7% by value; remortgaging approvals were up 4% by number and up 11% by value; while approvals for equity withdrawal were down 16% by number and down 9% by value.

Posted by converted lurker @ 11:33 AM (704 views)
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2 thoughts on “Mortgage lending drops sharply v August 2006

  • This is V interesting.

    purchases are going down. Only “rich” people are buying i.e. people selling one house to buy another, perhaps for a job move. new buyers I would imagine are disappearing. But people are struggling with their mortgage and having to MEW.

    Doomed!

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  • dohousescrashinthewoods says:

    Interesting indeed – less people are MEWing, but for more.

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