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MSE News: Mortgage lending down in November
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"Mortgage lending fell by 10% during November as the market suffered its traditional seasonal slowdown, figures show today ..."
"Mortgage lending fell by 10% during November as the market suffered its traditional seasonal slowdown, figures show today ..."
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Comments
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What a surprise. December sees a fall in mortgage lending.
Maybe it is caused by people choosing not to move in the winter months. Has there ever been a year when lending wasn't down in December?
C'est la vie, non?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Its November figures...
In 2007 and 2008 there was a downturn, when comparing November to October.
Which was fair enough, as Nov 2007 was the beginning of the crash, and Nov 2008 was mid-crash.
But for those looking for signs of a return to "normal" years, it appears not;
http://www.epolitix.com/stakeholder-websites/press-releases/press-release-details/newsarticle/november-lending-highest-ever-reports-cml///sites/council-of-mortgage-lenders/
In 2006, it was UP 9%, Nov vs Oct. It also beat the record August of that year.
http://www.epolitix.com/stakeholder-websites/press-releases/press-release-details/newsarticle/november-lending-second-highest-on-record-says-cml///sites/council-of-mortgage-lenders/
In 2005, it was UP 5%, Nov vs Oct.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0
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