Monday, December 20, 2010
Weaknesses in mortgage market: volumes and total lent both down
Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email [email protected] to buy additional rights or use this link to reference the article - http://ww
As per a recent calculation I saw in one of the HPC comments, there are far fewer mortgages being approved, and the total amount loaned is way down. Given the high price of the average house, the figures add up. All based on CML data; nothing particularly surprising. We went to see 2 houses for sale at the weekend. Neither suitable (whew!). I guess I'm being contrarian...? Note: registration for the Financial Times website might be required.