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Debate House Prices


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Mortgage approvals up in January

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Comments

  • skap7309
    skap7309 Posts: 874 Forumite
    chucky wrote: »
    why? i expected that to be the way forward with the majority of loans being around this deposit amount.

    and then only high credit score people would be able to get 90%.


    Oh yes i agree, thats why i found it interesting! ;)
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    IveSeenTheLight wrote: »
    What if next month there are more approvals and the next and the next?
    It's quite possible that for the next year, the approvals are still lower than they were a year previously, however if each month they increase you could find the market has changed and your looking back at the bottom ;)

    or alternatively prices could continue to fall whilst mortgage approvals increase (as has happened since october 2008).
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    neil324 wrote: »
    Yeh 25% HPI bye this time next year...........:j

    LOL we were talking mortgage approvals here, not house prices.
    Dont get confused.
    Mortgage approvals could go up 2,000 each month and it does not necessarily mean it would affect house prices by the 25% you quote ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    chewmylegoff wrote: »
    or alternatively prices could continue to fall whilst mortgage approvals increase (as has happened since october 2008).

    Another one confusing when I was speaking about mortgage approvals and thinking I meant house prices.
    Stick to the simple points guys
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Xinpei
    Xinpei Posts: 122 Forumite
    What I am always curious about is the % approval - this is 23000 approvals out of how many applications? Anyone has that stat?
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