Sunday, November 21, 2010
They could try dropping the prices (part 2,794)
"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 Â£12.4bn, were the lowest for a decade. First time buyers are most affected by the lending drought."