Thursday, June 14, 2012
VI’s go from from Bull to Bear
Mortgage lending slumped in April, after the end of the stamp duty concession for first-time buyers, lenders have said. Figures from the Council of Mortgage Lenders (CML) show that the number of loans to home buyers fell by 30% between March and April to 36,000. The biggest fall was among first-time buyers, with loans to this group down by 48% in the month, to just 12,600. WheThe CML said it was unlikely the market would recover soon.