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BOE :Lending to individuals: December 2009: Mortgage approvals DOWN
Comments
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http://www.bankofengland.co.uk/statistics/li/2009/dec/index.htm#tables
Key facts :
House purchase
Nov : 60,045
Dec : 59,023
It's probably just noise, but still it's down even with seasonal adjusting magic.
My views is, nothing to see here, however if it has gone up by 2%. I bet it would be on the BBC news.
Not exactly a surprise. To beat the stamp duty increase you'd have to buy and be approved in November. If you were approved in December solicitors would generally not be able to complete that month due to the long holidays.
This is just approvals being brought forward to November ~ which was a particularly strong month.If I don't reply to your post,
you're probably on my ignore list.0 -
BEO :Lending to individuals: December 2009: Mortgage approvals DOWN
Is this something to do with expensive stereos, or Scandinavian sagas?0 -
The only data which is noteworthy IMO is quartetly figures which show trends better, and monthly falls/rises which are BIG and unexpected. It's not worth commenting on anything else.0
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