Tuesday, August 31, 2010

Mortgage lending dives again

Mortgage lending dives sharply to £86m

Mortgage lending dived sharply in July as activity in the housing market remained subdued, figures showed today. Net lending, which strips out redemptions and repayments, totalled just £86 million during the month - a steep fall from June's £518 million, according to the Bank of England.

Posted by need-a-crash @ 02:16 PM (998 views)
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5 thoughts on “Mortgage lending dives again

  • Any takers for an interest rate cut to 0% in the next two months?

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  • Something like 500 houses’ worth

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  • I’m surprised that net lending is still positive. This means that more money is being borrowed than is being paid back; and that we aren’t in deflation. Very unlike the situation in America.

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  • 2. drewster

    Benny B isn’t done with the dollar yet.

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  • 80-ish% fall

    I might be missing something but that looks like a pretty significant drop

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