Mortgage Approvals Up Again - 3 Months in a row

Cannon_Fodder

Table 1: Gross mortgage lending

All loansTotal£m

Year
2000 119,798
2001 160,123
2002 220,734
2003 277,338
2004 291,221
2005 287,921
2006 345,119
2007 363,679
2008 257,613

Quarter
2005 Q4 81,619
2006 Q1 73,889
Q285,952
Q392,864
Q492,371
2007 Q1 83,943
Q2 93,789
Q398,535
Q487,412
2008 Q1 75,146
Q2 74,133
Q3 61,799
Q4 46,535


Don't disagree with train scenario.
The problem with approvals is that they might not turn into a purchase...
The money changing hands is what matters.
Longer history of CML figures above...back to 2000/2001 levels in 2009 according to CML's own forecast for 2009.