Tuesday, October 20, 2009

Spring bounce, summer bounce, autumn bounce …

Summer lift in mortgage lending

"Mortgage lending has shown a late summer lift compared with earlier in the year, according to the Council of Mortgage Lenders (CML). The group said that gross mortgage lending in the third quarter of the year reached £38.9bn, an 18% rise on the previous three months. Mortgage lending was up 2% in September compared with August, but still down 27% on September 2008. The CML suggested that the recent lift in lending could have hit a plateau..."

Posted by mark wadsworth @ 10:42 AM (1263 views)
Please complete the required fields.



6 thoughts on “Spring bounce, summer bounce, autumn bounce …

  • Spring bounce, summer bounce, autumn bounce, Winter plateau

    “The CML suggested that the recent lift in lending could have hit a plateau”

    Reply
    Please complete the required fields.



  • Mark Wadsworth things have to plateau. People cannot carry on borrowing. I was talking to an estate agent yesterday and he said that prices are not going up (down from eak by 15%) but there was a shortage of properties at present ie.the right properties in my area. Also he said that a lot of purchasers were cash buyers and also investors. I cannot understand how investors can get a decent return when the banks are now offering much higher return. Do you have any idea when these cash buyers demand be satisfied. Surely there cannot be many left.
    By the way, what is your profession as you provide many interesting comments.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    House, I am a humble “tax advisor”, in other words I do people’s tax returns for them. All the other stuff I know is from observing the world around me and applying the principles I learned on my accounting and finance degree and on my law degree. And blogging far too much and talking to as many people as possible.

    Reply
    Please complete the required fields.



  • Brownsters_billions says:

    I’ll vouch for the supply shortage at the moment – I’m a FTP looking to pick something up around 2005 prices, but all the best houses are being snapped up quicker than you can say ‘fiscal stimulus’. One that the missus thought was perfect went for above asking price (£350k) after the current vendors bought in Sep 05 for £275k. What’s going on I don’t know, but I do know that a bunch of places that were snapped up in Sep are starting to come back on the market…

    Reply
    Please complete the required fields.



  • This great summer goes on and on and on. When will it end, if ever?

    Reply
    Please complete the required fields.



  • Smug : “Summer dreams ripped at the seams, bu-ut oh, those su-ummer nights….”

    Tell me more tell me moorrreeerrerrr

    Reply
    Please complete the required fields.



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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>