Monday, February 25, 2008

Despite the spin dreadful January lending figures from the BBA

Mortgage approvals for house purchase fall by 31% year on year continuing the downward trend

In its monthly analysis of the property market, the BBA has revealed that the number of mortgage approvals for house purchases was 44,288, up from 42,343 in December, which was an all time record low. January's figure is slightly better than certain analysts' expectations, which was for another low of circa 40,000 but is still below the six-month average of 50,484 and a 31.5% fall versus January 2007 figures of 64,648.

Posted by converted lurker @ 09:28 AM (522 views)
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