Mortgage lending rose in February

Really2

So GD before you got the hump with my post.

What were you expecting from the figures? It was a serious question because you put a sarcastic "booming" in your opening post.

I presumed this meant you were expecting better, so what were your thoughts on it?

Emy1501

On the face of it not that great. Ray Boulger has been suggesting re-mortgages are up at his place. There seems to be more properties for sale at the moment and therefore you would accept lending for house purchases to be up a fair bit on Jan which the chart from BOE does not suggest.

We will see how prices are affected in a few weeks.

Graham_Devon

Really2 wrote: »

So GD before you got the hump with my post.

What were you expecting from the figures? It was a serious question because you put a sarcastic "booming" in your opening post.

I presumed this meant you were expecting better, so what were your thoughts on it?

I wasn't expecting anything. I saw the article, posted it up.

Simple as that. Howcome you never question anyone else to these pathetically stupid degrees? Twisting and turning everything I say (and don't say) to try and make something up from nowhere?

Why would you presume anything as to what I am expecting? Because of the word "booming"? That word was used in the context of conrad's thread.

You even have to chase me up with "before you get the hump with my post". Hump? The only way you got me to answer it was by shoving it back in my face again. How is that me getting the hump!? You lost it.

Really2

Graham_Devon wrote: »

I wasn't expecting anything.

That would have been fine. Have a water instead of your next coffee.

Graham_Devon

Really2 wrote: »

That would have been fine. Have a water instead of your next coffee.

I really really don't get what your problem is.

But by god, you are doing my nut in, following me around like a nagging brat screaming for attention constantly.

You ask the question, not once, but twice. You get an answer. As soon as the answer is provided, it's back onto another completely unrelated pathetic little attempt at a put down. The question you so desperately wanted an answer to (hence bring it up a second time) is pretty much ignored. You had no point. You just wanted to bang on about something. Anything.

Really2

I thought you may like the chance to answer the question after accusing me of something which was not correct. (I was genuinely asking you a question and you made out I was having a go)

Nevermind.....

chucky

Really2 wrote: »

I thought you may like the chance to answer the question after accusing me of something which was not correct.

Nevermind.....

don't do it really - he's already trying to turn it around into you chasing him...

he does it all the time. this and avoiding questions but quickly harasses people if they don't do it to him

HAMISH_MCTAVISH

chucky wrote: »

he does it all the time. this and avoiding questions but quickly harasses people if they don't do it to him

Shiny thing syndrome.....

Emy1501

Really2 wrote: »

I thought you may like the chance to answer the question after accusing me of something which was not correct. (I was genuinely asking you a question and you made out I was having a go)

Nevermind.....

Its pretty obvious what he is getting at. I suspect the vast majority have got it. You strike me as pretty sensible bloke so it pretty obvious you are just trying to wind him up as usual.

Generali

To follow up on the new Bank of England Trends in Lending report, it makes pretty grizzly reading for those, like me, that fear that deflation is a very real risk.

Some of the major UK lenders reported that underlying demand for consumer credit as expected to remain subdued as consumers sought to reduce their levels of unsecured debt.

Lenders have reported that smaller companies, like businesses overall, were seeking to reduce debt levels…

This is starting to look like classic ‘deleveraging’, businesses and consumers looking to pay down debt because they are fearful about the future. The only way to turn something like that around is by exporting. The trouble there is that the UK’s customers in other countries are also experiencing the same phenomenon so an export led recovery is going to have to mean the UK gaining much more market share abroad, something that is difficult but not impossible

Net lending to business is down £6,500,000,000 in January and down 9.3% on the year. Net mortgage lending is up £1,500,000,000 in January and up 1.0% on the year (note this means a fall in lending in real terms and compares with an increase of 11% in 2007). Consumer lending was up £500,000,000 in January and down 0.2% YoY. On the face of it, that implies a fall in the M4 measure of the money supply of £4,500,000,000 for the month of January.

In answer to some earlier points:

The data indicated that gross lending for house purchase picked up slightly in February, returning to the monthly flow seen before the fluctuations around the turn of the year. Remortgaging activity remained low…