Thursday, March 31, 2011

BoE money stats worth a read!

Mortgage defaults rise 'unexpectedly'

"The number of households defaulting on mortgage loans increased "unexpectedly" in the first three months of the year, and is expected to rise further, according to the Bank of England. There was also an increase in the number of higher loan-to-value (LTV) mortgages on the market between January and March". "But demand for credit card lending was unchanged over the previous three months and demand for non-credit card lending (including personal loans) fell for the second consecutive quarter, but was expected to increase in the next three months".

Posted by alan @ 01:03 PM (460 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>