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BBA reports rise in mortgage approvals in May
Comments
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I think the offer that he has is officially known as pre-approval in banking speak.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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This months approvals are;
50 % DOWN FROM MAY 07
52% DOWN FROM MAY 06
47% DOWN FROM MAY 05
61% DOWN FROM MAY 04It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
I think the offer that he has is officially known as pre-approval in banking speak.
Lets wait and see what the BBA say on the matter shall we?0 -
This months approvals are;
50 % DOWN FROM MAY 07
52% DOWN FROM MAY 06
47% DOWN FROM MAY 05
61% DOWN FROM MAY 04
But then the Halifax standard rate was not 3.5%, discouraging remortgages
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
this months approvals are;
50 % down from may 07
52% down from may 06
47% down from may 05
61% down from may 04
is that 100% correct ?Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Lets wait and see what the BBA say on the matter shall we?
ooooh, i caaaan't wait.....Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Yeah steve, sure the 10% that are in negative equity will be loving the rates they are being offered on remortgage!
Not to forget the large % close to neg equity, who will also struggle with a remortgage! Or didnt you hear, owners being given 25K bungs to get their mortgages moved to other lenders?0 -
Mortgage lending falls back again
http://news.bbc.co.uk/1/hi/business/8107576.stm
SA 60,000 (-6.2% m-o-m, -31.8% y-o-y)
NSA 62,000 (+6.9% m-o-m, -31.9% y-o-y)
have a look at this..
http://www.eigroup.co.uk/newsletters/2009/June.htmlIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Yeah steve, sure the 10% that are in negative equity will be loving the rates they are being offered on remortgage!
Not to forget the large % close to neg equity, who will also struggle with a remortgage! Or didnt you hear, owners being given 25K bungs to get their mortgages moved to other lenders?
I thought the ones in negative equity were being offered the best deals, 25k is not a bad start.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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