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UK mortgage approvals fall to nine-month low
mystic_trev
Posts: 5,434 Forumite
Bloody snow again!
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7534186/UK-mortgage-approvals-fall-to-nine-month-low.html
mortgage approvals numbered 47,094 in February, down from from 48,099 in January and well below the figure of almost 60,000 reached in November when people were rushing to take advantage of a temporary reduction in property purchase tax.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7534186/UK-mortgage-approvals-fall-to-nine-month-low.html
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Comments
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It was a particularly cold February though
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TBH I don't see how they get as many approvals as July last year as proof of a slowing market?
If it was down YOY I would agree but in reality it is up nearly 30% on this time last year. So in reality we are going to see more sales this year. It is still not boom but is way up on this time last year.0 -
The 2nd stage of the housing crash is well under way. Anyone who wants to sell their indebted pile better do so quick.0
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Febs weather
March Weather
Predicted August Weather as mortgage approvals continue to fall:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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mystic_trev wrote: »
Regurgitated news already released through CML gross lending figures, BBA numbers and BoE Trends in Lending.
Nothing new here. Move along please.If I don't reply to your post,
you're probably on my ignore list.0 -
I like making graphs, so here's some visualisation of the data:
Approvals for house purchase; Approvals for house remortgaging0 -
Its the spring bounce.0
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ruggedtoast wrote: »Its the spring bounce.
If it's snow isn't it still the winter dip?
It certainly didn't start as early as most would have thought.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »If it's snow isn't it still the winter dip?
It certainly didn't start as early as most would have thought.
A time of reckoning has come.0
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