Thursday, January 21, 2010
So this is the headline the CML *didn’t* shout about today
CML - Mortgage lending fell 43% last year
Funny how the boring numbers are never as interesting to the meeja as the soundbite ... that completely contradicts the numbers!
Posted by paul @ 07:52 PM (1315 views)
8 thoughts on “So this is the headline the CML *didn’t* shout about today”
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Yoss says:
Funny indeed… and that with a stamp duty break, record low IR’s and house prices rising (Well asking prices on rightmove) spin, spin, spin.
fallingbuzzard says:
The media rarely tell it as it is. Bad news is no news.
Stuartlm says:
Amazing how this government still rip off the general public with this disgusting unfair tax called Stamp Duty. How can this be possible in this day and how can we accept this as a voting public?
alan_540 says:
Mortgage lending up 14% in Deceber – fair enough, but this is the bigger picture year on year lending basically halved. I’ve not seen this reported in the mainstream media… I wonder why?
mark wadsworth says:
On the subject of the “surprise December increase”, should we assume this was people piling in to buy properties costing between £125k and £175k before the SDLT threshold went down again?
will says:
It seems strange that the banks are not informing estate agents so that they may act accordingly.
I think the banks are deliberately delaying a HPC until they are in a slightly stronger position to take the hit.
Firstcomenter says:
2007 – £363.8 bn
2008 – £257.7 bn
2009 – £143.7 bn
http://www.cml.org.uk/cml/media/press/2113
ontheotherhand says:
Mortgage lending fell 43% last year, but mortgage approvals only fell 8%. So this must mean the average mortgage being granted is much smaller which makes sense because they are demanding bigger deposits. With £110 billion less fuel fed into the market by the mortgage providers, why didn’t prices fall? Is it just that sellers just don’t have to sell because interest rates are so low, so they just reject all the low offers?