Friday, October 3, 2008

Goodbye BTL / Second homes / 4×4’s / Luxury Holidays etc

Housing equity withdrawal turns negative in Q2

The housing equity withdrawal turned negative in the second quarter for the first time in a decade as households repaid a net 2.8 billion pounds after withdrawing 5.2 billion pounds in the first quarter, the Bank of England said on Friday.

Posted by landedgentry @ 10:08 AM (371 views)
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One thought on “Goodbye BTL / Second homes / 4×4’s / Luxury Holidays etc

  • crash bandicoot says:

    “Rising house prices in recent years encouraged Britons to refinance home loans to free up cash for other purposes”

    No way! you mean that it was just remortgaging after all? I thought that it was a new way to earn money.

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