Monday, September 14, 2009

Mortgage Lending increases significantly

Mortgage Lending increases significantly

Mortgage lending has improved further, rising 19 per cent higher during July than in the same month of last year, according to the Council of Mortgage Lenders.

Posted by kp @ 11:23 AM (702 views)
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6 thoughts on “Mortgage Lending increases significantly

  • waitingfor hpc says:

    and by which banks? and % of what. I wonder how much of this figure is people switching mortages?

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  • Mortgage lending has improved further, rising 19 per cent higher during July than in the same month of last year, according to the Council of Mortgage Lenders.

    really? must be the spring bounce or the clunkers scheme!

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  • Who’s this “kp” anyway?
    I’ve notices he/she posts most of the bullish stuff here on the news blog, but I can’t locate him/her among the members.

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  • dont shoot the messenger guys

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  • Just read the article. I know I’m thick but can anybody explain what the following (taken verbatim) from the article actually means!

    “The number of loans approved for first-time buyers has also improved, rising by 18 per cent from June to 20,400 in July”

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  • Thing is what is a first time buyer? Is it someone who has really only bought for the first time or does it include someone that has nothing to sell – e.g. was in the market, liquidated and then rented? Good to see the double act are back though.

    http://www.youtube.com/watch?v=KX5jNnDMfxA

    discussing chance of prices breaking the highs before we get new lows :-).

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