Tuesday, March 22, 2011

Warning; this article is related to housing!

Mortgage lending dips to 2009 levels

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.

Posted by sibley's b'stard child @ 10:03 AM (1476 views)
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4 thoughts on “Warning; this article is related to housing!

  • mark wadsworth says:

    oh dear oh dear oh dear, this just will not do!

    Maybe local councils can “lend a hand” or something to “kick start the property market”?

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  • I would like to see the councils fix the potholes in the roads first, my local shops are slowly closing because the road is so bad people don’t want to drive to them

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  • Er, I think MW was being sarcastic mark

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  • mark wadsworth says:

    Mark, that’s the good thing about pot holes – they “ease the pressure on local services”.

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