Tuesday, March 22, 2011
Warning; this article is related to housing!
The period between October and December 2010 witnessed a dip in mortgage lending, it has been shown. Net mortgage lending levels in the UK fell in the period between October and December 2010, it has been found. The latest Financial Services Authority Mortgage Lending Data for the UK for quarter four 2010 showed the amount dipped to its lowest sum since the beginning of 2009. It was revealed that net advances - or gross lending less borrower repayments - have tumbled 57 per cent since the fourth quarter of two years ago.