Thursday, January 21, 2010

Never as good as it’s spun.

Gross mortgage lending up 14% in December

Gross mortgage lending reached an estimated £13.7 billion in December, a 14% rise from £12.1 billion in November and up 3% on December 2008, according to the Council of Mortgage Lenders. This is the first time the annual monthly comparison has been in positive territory since October 2007. However, other than in 2008, this is still the lowest figure for December since 2001 (£13.4 billion). For 2009 as a whole, lending totalled £143.7 billion, slightly above our annual forecast of £141 billion. However, this is down 43% from £253 billion in 2008 and the lowest annual total since 2000 (£119.8 billion).

Posted by dill @ 11:59 AM (1158 views)
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3 thoughts on “Never as good as it’s spun.

  • All those people rushing to buy before the end of the stamp-duty holiday managed to raise the price of houses by -0.4% (or +0.4% when seasonally adjusted) in December according to Nationwide. It’ll be interesting to see what happens this month…

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  • And the statistic that the CML published today which the CML and BBC are NOT shouting about is the 43% drop in lending in 2009.

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  • I said it before and I’ll it again 14% of not much is bugger all. These VI’s really tick me off with there percenatages. If they sold 1 house last year, but this year they sold 2, then sales of homes would be up 100%, and the british sheeple would see the headlines as “hoorah!! it’s all over”…………sadly we now have a country full of plebs 🙁

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