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BBA reports rise in mortgage approvals in May
Comments
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Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
It 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 -
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)
did you really understand what you posted Geoff??
The CML said that while lending for home buyers had been rising recently, lending to people changing their mortgage provider had dropped off.
new mortgages is up, this is new buyers.
people remortgaging is down as they are staying on SVR as it's cheaper or they can't because they don't have enough equity in their property.0 -
Am I correct that the properties going to auction in your neck of the woods (and total) has reduced markedly?'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 -
-11% for sold residential
and -23% for commercial
steveIt 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 -
-11% for sold residential
and -23% for commercial
steve
Not sure what to make of that, I would have thought that we would see more properties going to auction with increasing repos,
In some areas it is quite a large reduction including my area and yours Geoff, the North West. '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 -
Fair one guys, I will take the hit. Pretty quick of them too!xxxx,
An approval is a commitment to lend, post-survey.
Regards
Tris
Original Message
From: Brian Mairs On Behalf Of info
Sent: 23 June 2009 13:15
To: Tristan Broderick
Subject: FW: BBA Mortgage Approvals
Could you please reply? Just a short one I think.
- BM
Original Message
From: [EMAIL="xxxx@hotmail.com"]xxxx@hotmail.com[/EMAIL] [mailto:xxxx@hotmail.com]
Sent: 23 June 2009 10:57
To: info
Subject: BBA Mortgage Approvals
xxxxxxxxxxx
[EMAIL="xxxx@hotmail.com"]xxxx@hotmail.com[/EMAIL]
BBA Mortgage Approvals0 -
This graph needs repeating. Forget the spin, this is the reality. Transactions have fallen off a cliff and are still at the BOTTOM of the cliff. Don't get sucked in by those with a vested interest.Ooh yes, seeing as there were 16,000 dissapointed customers this month. What chucky is looking for is this graph:
Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
ad44downey wrote: »This graph needs repeating. Forget the spin, this is the reality. Transactions have fallen off a cliff and are still at the BOTTOM of the cliff. Don't get sucked in by those with a vested interest.
Erm, the reality is that mortgage approvals have risen again.
Stick to Sam and Amanda, it's more your level.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Erm, the reality is that mortgage approvals have risen again.
?
They're both facts.
Approvals are at a very low point, but this is yet another increase.
My guess is that it's people with good credit that don't need to borrow much picking up small mortgages while rates are historically low, and house prices have dropped a fair bit, that are causing the increase.
I think once interest rates start to go back up there'll be more repossessions, and mortgage approvals will slow down. House prices will dip a little further as people can't hold onto their house, and credit is harder to get.
Was looking at mortgages for myself, but the best rates require a 25% (Natwest) or more first payment. Quite a lot for somewhere in London, so I just have to keep saving until I can get such a mortgage."Boonowa tweepi, ha, ha."0
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