Thursday, February 19, 2009

Lending even lower than in December

Mortgage lending halves in a year

Mortgage lending in January slumped to less than half the level it had been a year earlier, figures showed today. A total of £12.4 billion was advanced by the major mortgage lenders during the month, 8 per cent less than in December and 52 per cent lower than in January 2008, according to the Council of Mortgage Lenders. The group said there was typically a slight decline in lending levels between December and January, although it added that the figure was the lowest monthly level recorded since April 2001.

Posted by uncle chris @ 12:42 PM (777 views)
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One thought on “Lending even lower than in December

  • Um now let’s see, was that;

    “the lowest monthly level recorded since April 2001”

    “the lowest monthly level recorded since records began”

    or

    “the lowest monthly level ever recorded”

    Reply
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