House sales jump 40% in March

Really2

Graham_Devon wrote: »

Theres not one link. Hence why I stated what I did and was cautious to say "they do".

You googled it says they use SSTC but have no link!

Nice try Graham.:rolleyes:

Goggle says I am a billionaire, unfortunately no link to post:D

Graham it is an estimate on lending and like all the bears state it is likely to be fairly accurate (statisticaly)?

Are you now saying all the data is now made up and house prices have never fell and we are not in recession.

Graham you made the point up as far as I can tell, the question is why? what are you afraid of

PS I have mad no personal comment as usual

Graham_Devon

Really2 wrote: »

You googled it says they use SSTC but have no link!

Nice try Graham.:rolleyes:

Goggle says I am a billionaire, unfortunately no link to post:D

Graham it is an estimate on lending and like all the bears state it is likely to be fairly accurate (statisticaly)?

Are you now saying all the data is now made up and house prices have never fell and we are not in recession.

Graham you made the point up as far as I can tell, the question is why? what are you afraid of

PS I have mad no personal comment as usual

Oh give up!

I'm not suggesting anything. I have asked a QUESTION. I have said it SEEMS like it is that way, anyone got anything concrete.

It's a very very simple question. As the sales do not correlate with lending, do the "sold" figures include SSTC.

That's it. Very simple. Not me suggesting or being afraid of anything. I just simply want to know what I am reading.

Really2

Graham_Devon wrote: »

Oh give up!

I'm not suggesting anything. I have asked a QUESTION. I have said it SEEMS like it is that way, anyone got anything concrete.
.

Are you OK you posted this about 15 mins ago.

Graham_Devon wrote: »

I've just done a google search, and it seems CML figures DO include sold subject to contract.

I.e. the house is sold, therefore, thats a sale. Whether it's completed is a seperate thing, and calculated under completions, which the land registry does.

Did you not?

so you did make it up then.

As for the data

Data source: CML/BankSearch Regulated Mortgage Survey.

No EA's in there so it looks purely based on lending. Surprising that them being the council of mortgage lenders.

They are nothing to do with EA's

Graham_Devon

Really2 wrote: »

Are you OK you posted this about 15 mins ago.


Did you not?

so you did make it up then.

As for the data

Data source: CML/BankSearch Regulated Mortgage Survey.

No EA's in there so it looks purely based on lending. Surprising that them being the council of mortgage lenders.

They are nothing to do with EA's

Come on, give it up, please?

I'm not here looking for arguments. I am just asking a simple question.

In the post you quoted above, very slectively quoted, I may add, I also said this right underneath what you have selected:

Graham_Devon wrote: »

I'm 80% sure that this is the case after reading thats the case. Though I could be wrong and would like someone with a concrete answer to correct me if thats the case!

What on earth is up with you?

JonnyBravo

ok lets not get more confused than we already are here.....


there seem to be two reports out today.

HMRC reports that there were "60,000 property sales worth at least £40,000 each, compared with 43,000 in February.
The figures suggest that the slump in home sales seen in the past 18 months may be coming to an end.
Even when the figures are adjusted for seasonal trends, they still show a rise from 54,000 to 61,000, a jump of 13%"


CML is reporting that "Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders. "


The CML figure is on money actually advanced ... to quote them... (couldnt find anything about it being SSTC data or that the av house sale was £40k)

"Total gross lending gives the total value of loans secured on dwellings that are newly advanced by institutions in the period. All the figures were sourced from the Bank of England "

except the last month which is

"The CML estimates of gross lending for the latest month were based on the lending figures provided by a sample of lenders that represent around 80% of the mortgage market. The aggregate of these figures were scaled up to represent the whole market."


Here are your links

http://www.cml.org.uk/cml/media/press/2247

http://news.bbc.co.uk/1/hi/business/8010785.stm

System

Where did you read that that was the case?

Edit: Ah cheers.

Really2

Graham_Devon wrote: »

What on earth is up with you?

You are posting unsupported things. (which are made up)

I am then questioning it then proving it wrong like you asked.

it annoys me when people lie to support their stance.:mad:

I have the decency no to perhaps you could be decent enough to do it yourself.

Why the hell do you think they would include SSTC in gross mortgage lending?

You have gone off on a very odd tangent, why do you have to make things up? why is any positive news so scary?

Graham_Devon

JonnyBravo wrote: »

ok lets not get more confused than we already are here.....


there seem to be two reports out today.

HMRC reports that there were "60,000 property sales worth at least £40,000 each, compared with 43,000 in February.
The figures suggest that the slump in home sales seen in the past 18 months may be coming to an end.
Even when the figures are adjusted for seasonal trends, they still show a rise from 54,000 to 61,000, a jump of 13%"


CML is reporting that "Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders. "


The CML figure is on money actually advanced ... to quote them... (couldnt find anything about it being SSTC data or that the av house sale was £40k)

"Total gross lending gives the total value of loans secured on dwellings that are newly advanced by institutions in the period. All the figures were sourced from the Bank of England "

except the last month which is

"The CML estimates of gross lending for the latest month were based on the lending figures provided by a sample of lenders that represent around 80% of the mortgage market. The aggregate of these figures were scaled up to represent the whole market."


Here are your links

http://www.cml.org.uk/cml/media/press/2247

http://news.bbc.co.uk/1/hi/business/8010785.stm

Thanks Jonny.

Wonder where the 40k comes in then. Would this suggest the people doing the buying are people with a lot of cash and only a small mortgage needed?

JonnyBravo

These are the figures for lending for the past few months from the CML (£m's)

2008 Mar 24,166
Apr 26,089
May 24,446
Jun 23,598
Jul 24,672
Aug 19,641
Sep 17,486
Oct 18,827
Nov 14,170
Dec 13,537
2009 Jan 11,674
Feb 9,894
Mar 11,500 (est)

Really2

Graham_Devon wrote: »

Thanks Jonny.

Wonder where the 40k comes in then.

It says of purchases of at least £40K.

That means they only include date for over £40K anyything below that they do not bother to include in the figures.