Mortgage lending: tight for some
Wednesday, March 16th, 2011Today’s figures from the Bank of England show that mortgage lending is still very depressed. In March net mortgage lending, at a mere £318m, was actually lower than unsecured lending (£325m). This is only the fourth month this has happened since records began in 1993. In 2006-07, mortgage lending averaged £9.13bn a month, eight times [...]
Mortgage approvals fall back to January level
Monday, March 14th, 2011Mortgage approvals fell sharply in June, lending yet more weight to the theory of a dip in the UK housing market as the Nationwide index showed UK house prices starting to fall in July