Monday, January 23, 2012

Obligatory non-headline of the day rehashing a CML press release

Mortgage outlook is uncertain, says CML

The state of the UK mortgage market in the coming year is "difficult to call", according to a lenders' group. The Council of Mortgage Lenders (CML) said the eurozone crisis had created uncertainty, although householders' real incomes could stabilise. The latest CML figures showed that UK gross mortgage lending stood at £11.7bn in December. This was down 12% on November, but up 12% compared with December 2010, the CML said. The figures wrap up a year in which mortgage lending has remained at low levels, in a market that has proved difficult for first-time buyers to access unless they could raise a large deposit. The CML said that lending totalled £140bn in 2011 as a whole, up 3% compared with 2010, when the market was similarly stunted.

Posted by mark wadsworth @ 10:57 AM (1523 views)
Please complete the required fields.



5 thoughts on “Obligatory non-headline of the day rehashing a CML press release

  • sibley's b'stard child says:

    In other news, tractor production has increased 57% on last year.

    UK households will be further buoyed by the news that chocolate rations have increased from 35g to 30g.

    Reply
    Please complete the required fields.



  • “There is a glimmer of light ahead for households in that real incomes could stabilise and perhaps even start rising by the end of the year” over optimistic to say the least (IMO)

    Sib’s – increase from 35 to 30?

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    JackC!! Doubleplusgood news just in from Miniplen!!

    The chocolate ration has been increased for a second time today, this time from 30 grams to 25 grams!

    Comrade SBC has been relieved of all his official duties for misspeaking and sent to re-education camp.

    Reply
    Please complete the required fields.



  • MW – having thought about it I guess it’s what the Government call negative growth

    Reply
    Please complete the required fields.



  • So, householders’ incomes could stabilise… And there “could” be a grizzly bear in the next office.

    Reply
    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>