Wednesday, April 27, 2011

Check the small print…

Mortgage lending 'at eight-month high'

"A total of 31,660 loans were approved for people buying a new home, 5% more than during the previous month and the highest level since July last year, according to the British Bankers' Association... But despite the improvement, the figure is still down on the 35,124 mortgages for house purchase that were in the pipeline in March last year, while it is significantly below the 70,000 to 80,000 approvals a month that are considered to be consistent with a stable housing market."

Posted by mark wadsworth @ 11:24 AM (1489 views)
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2 thoughts on “Check the small print…

  • sibley's b'stard child says:

    An overall heartening piece; I presume borne from uncertainty the public’s appetite for debt accumulation appears to be on the wane as further evidenced by the unsecured borrowing and saving figures.

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  • Adskirockski says:

    So there were less mortgage approvals per day in March than in February.

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