Thursday, March 20, 2008

More squealing for BOE assistance – nice looking graphs though !

Call for action to help mortgages

Action is needed from the Bank of England otherwise the mortgage market will face "ongoing problems", says the Council of Mortgage Lenders (CML). CML director general Michael Coogan said the Bank must improve levels of liquidity as strong demand for mortgages could not be met by lenders. His comments came as the CML reported gross mortgage lending was £24bn in February, a 7% fall from January. The drop had been predicted as the housing market has slowed.

Posted by jack c @ 02:04 PM (675 views)
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3 thoughts on “More squealing for BOE assistance – nice looking graphs though !

  • PRINT MORE MONEEEY! QUIIIIICK!

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  • mark wadsworth says:

    “Demand for mortgages remains strong but cannot be fully met from existing funding.”

    What a moron.

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  • Over the year to date however there has been a rise in prices – What are people complaining about? This so far has been a damp squib of a HPC and promises not to occur properly because the Central Banks keep intervening and not allowing the market to find its level.

    Take the medicine, It might not taste nice but its better than really getting ill.

    I’ll believe in a HPC when I see the annual rate of HPC nosedive. I guess I have a harder definition of HPC than most.

    I have been calling the HPI as unsustainable since 2003 (alongside sensible folk like The Economist) and praying for a HPC since then. Still no sign of it, just a lot of panicing sheeple.

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