March Mortgage Approvals down 6.8% BBA says

Conrad

Cannon_Fodder wrote: »

Pundit at the Stock Exchange, interviewed by BBC, said Banks are approving at around the same rate, 75% or so, "as normal".

..

This fails to take into account that people are more likely to be declined at credit score stage prior to getting anywhere near a full application.
Furthermore, most high street lenders operated a 'fasttrack' system whereby the majority of applicants were not asked to evidence income, but now very few are accepted on FT.

Davesnave

carolt wrote: »

Unfortunately, given that the entire govt policy is based entirely on sustaining a bubble of debt and floating the country, they daren't let it go down at all as it will become apparent that they were all swimming with no trousers on.

Fortunately, they can't hold back the waters any more than whichever famous personage it was who couldn't hold back the waters either (can't remember who it was. Anyone?).

It was Canute, but I don't think the filter on will let me spell it the way he did!

Well, I assume it was him. Someone close to me had problems with her waters in Sainsburys once upon a time, just before a happy event, but I don't think you meant her!;)