Sunday, November 21, 2010

They could try dropping the prices (part 2,794)

Mortgage lending will not recover in next year - banks

"Banks and building societies have told the BBC they do not expect any significant recovery in mortgage lending next year. A new vetting process for mortgages could "cement in place restricted... lending", denying many the chance to buy the homes they want, they added. The warning comes after figures showed new mortgages last month, at £12.4bn, were the lowest for a decade. First time buyers are most affected by the lending drought."

Posted by mark wadsworth @ 11:01 AM (1884 views)
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7 thoughts on “They could try dropping the prices (part 2,794)

  • The article conludes…”Meanwhile, the Royal Institution of Chartered Surveyors (Rics) has pinpointed a surplus of sellers over buyers as a key factor in the recent downturn in prices.”
    In case anyone has not made that connection before.

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  • They are on the ball over there at Rics – rocket science!

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  • I am really starting to resent the crocodile tears that the BBC and other media outlets shed for FTBs every time there is a story like this.

    They weren’t so worried about us on the way up so why the sudden concern now?

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  • tenyearstogetmymoneyback says:

    Following on from Cyrils comment it is surprising how many empty properties there are round here.

    Just viewed another (which is perfectly habitable) which has been empty for about six months.

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  • there are actually 800,000 empty properties in the uk and only 6% of land is built on

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  • Taffee, that’s music to my ears!

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