Thursday, April 26, 2012

Approvals at a 10-month low

Mortgage approvals fall in March, outlook weak

"The British Bankers' Association said approvals by major lenders for house purchase fell to 31,888 last month from 32,840 in February. Approvals had hit a two-year high of 37,977 in January, but the BBA said on Thursday that activity had since "dropped back to more normal trend levels" after a temporary boost from first-time buyers seeking to buy before the stamp duty holiday ended on March 24".

Posted by alan @ 03:21 PM (1433 views)
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4 thoughts on “Approvals at a 10-month low

  • mark wadsworth says:

    At last, a post about house prices, and a bearish one too! That’s more like it.

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  • richy richless says:

    “dropped back to more normal trend levels” of a completely dysfunctional market yes

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  • yes mark – good news.

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  • greenshootsandleaves says:

    Take away the smoke and the mirrors and it’s back to the fundamentals (said he hopefully).

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