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MSE News: Lenders expect to sell more mortgages this year
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"The Council of Mortgage Lenders predicts mortgage lending to increase for the first time since the credit crunch struck ..."
"The Council of Mortgage Lenders predicts mortgage lending to increase for the first time since the credit crunch struck ..."
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The Council of Mortgage Lenders (CML) has raised its forecast for net lending – the amount lent minus repayments – by 50% from just £6 billion in 2010 to £9 billion for 2011, increasing to £12 billion in 2012 as the recovery continues.
http://www.moneysavingexpert.com/news/mortgages/2011/06/lenders-expect-to-sell-more-mortgages-this-year?utm_source=forum&utm_medium=sidebar&utm_campaign=box
What Recovery?
Its clear from the international economic indicators are slowing down or falling. All the international community has done is delayed the economic problems with low interest rates and quantative easing. The end result delay in problems and rampant inflation.
House prices are extremely overvalued still, with a big and growing split between asking prices and selling prices. Wages frozen and inflation eating what's left. I can't see where the CML are coming from.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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