Monday, March 31, 2014

So it begins

UK mortgage approvals slow and business lending contracts

Mortgage approvals fell 8% in Jan. Of course it was down to the heavy rain..... I wonder if the mild Feb will gloss over the end of Funding for Lending........

Posted by maske2g @ 05:35 PM (1276 views)
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2 thoughts on “So it begins

  • I am not surprised at a the lower number of approvals.

    There were scores of people attempting to front-run inflation that the media told them help-to-buy would introduce. There is also the supposed tightening of lending criteria starting in April. You can read their posts over at mse.

    The demand has been brought forward, so you would expect a lull in lending for the next 6 months whilst demand catches up. The same also applies for the stock of properties on the market, this should grow over the next few months and give buyers better choice.

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  • Mortgage lending down because of the rain but BTL lending was up…! What, so only landlords can afford umbrellas?

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