Thursday, October 9, 2014
Even more good news!
House purchase lending in August down 3% on July
Buy-to-let lending fell 13% over the month to £2.1 billion in August, but increased 11% compared to August last year. First-time buyer lending declined in August compared to July, with 28,900 first-time buyer loans - 4% fewer than in July but 9% up on August 2013. By value, there was £4.4 billion of lending to first-time buyers - 4% down on July but 22% higher than August last year. Lending to home movers also declined, with the number of loans advanced to movers totalling 36,500, a 3% fall on the previous month but up 7% on August last year. By value, lending to movers totalled £7 billion, 3% down on July but up 17% on August last year.
Posted by khards @ 11:39 AM (4410 views)
16 thoughts on “Even more good news!”
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libertas says:
Land registry will show further gains with its time lag, since rises are partly down to hot money flowing in from the Eurozone into the relative tax haven, strong currency area and relative economic growth of London. Money is fleeing Paris and Berlin right now.
khards says:
The site seems to have lost a weeks worth of Libby’s ramblings.
cornishman says:
Happened shortly after I pointed out his claim to have exchanged contracts twice. Maybe he’s not all he seems.
Mister Ed says:
2. khards said…
“The site seems to have lost a weeks worth of Libby’s ramblings.â€
Yes, I noticed that, and was much perturbed.
I’d been enjoying greatly Libby’s wild speculations regarding everything from international capital flows, the price of oil, EU membership applications, bond rates, interest rates, and even the type of cycling gear the new well-heeled citizens of Enfield will wear once the place inevitably becomes a hotbed of high-quality living unattainable by the hoi polloi — and all in the name of evidence for huge future house price rises.
Now a veritable treasure trove of economic theory has been lost, perhaps forever. Will the world ever see such like ever again?
quiet guy says:
How ironic that some postings that are about house prices have been pulled. I don’t have any problem with Libertas’ conversion to house price bull but his conspiracy theory postings seem to be tolerated as well 🙁
Jammin35 says:
To be fair to Libby, i saw a pile of french francs dashing for the gates at Sangatte earlier.
jack c says:
All very odd entire threads disappearing !
alan says:
I posted two items of general interest as a test, but after a couple of hours they have gone!!
Who dunnit?
khards says:
I think they’ve been having database problems as the page wouldn’t load yesterday and said database error on the forum.
khards says:
Is this guy for real? Libertas, I look forward to your tales of woe next year when you find that you could have got the same house 25% cheaper and not been paying interest on that 25% for the next 25 years.
Good luck.
pete green says:
Goodbye libertas – I have welcomed your valuabe contribution to sustained oversimplified austrain theory and dogged determination not to comprehend the nature of rent and Ricardo’s law
libertas says:
Happy renting and magnolia walls Pete.
libertas says:
Happy renting and magnolia walls Pete.
See ya later Pete, nobody cares about ya, particularly your landlord.
libertas says:
Khards, if prices fall 25% and we get serious consumer price deflation, rates will be NEGATIVE and savers will be paying my mortgage.
timmy t says:
Libby, you say you’re leaving this site and then post 3 articles in 10 minutes… You can’t even predict what you’re going to do accurately you muppet
jack c says:
Libby’s former pseudonym “Planning for a Crash” (P4AC) will no doubt return as planning for a boom.