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)
One thought on “Lending even lower than in December”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
wdbeast says:
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”