MSE News: Mortgage lending down in November

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Mortgage lending fell by 10% during November as the market suffered its traditional seasonal slowdown, figures show today ..."

Read the full story:
Mortgage lending down in November

Gorgeous_George

What a surprise. December sees a fall in mortgage lending.

Maybe it is caused by people choosing not to move in the winter months. Has there ever been a year when lending wasn't down in December?

C'est la vie, non?

GG

CloudCuckooLand

Its November figures...

In 2007 and 2008 there was a downturn, when comparing November to October.

Which was fair enough, as Nov 2007 was the beginning of the crash, and Nov 2008 was mid-crash.

But for those looking for signs of a return to "normal" years, it appears not;

http://www.epolitix.com/stakeholder-websites/press-releases/press-release-details/newsarticle/november-lending-highest-ever-reports-cml///sites/council-of-mortgage-lenders/

In 2006, it was UP 9%, Nov vs Oct. It also beat the record August of that year.

http://www.epolitix.com/stakeholder-websites/press-releases/press-release-details/newsarticle/november-lending-second-highest-on-record-says-cml///sites/council-of-mortgage-lenders/

In 2005, it was UP 5%, Nov vs Oct.