Mortgage lending rose in February

Really2

Emy1501 wrote: »

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.

So he thought it should have been higher then? If so why not just come out and say it instead of turning it in to something else.

My personal view is an increase is good but they still have a long way to go until the market gets to a fairly normal transaction level.

HammerSmashedFace

Graham_Devon wrote: »

http://news.bbc.co.uk/1/hi/business/8574053.stm

Up 6% on January 2010 which was a severely bad month.

Booming.

To put these numbers into perspective.

13.4bn was lent in December, 11.5bn in November. Though I appriciate it was the end of the stamp duty holiday.

11.5bn was lent in January 2009.

What we must remember (and it will unlikely be said in the media) is that even if you annualise December's figure of £13.5 billion, you are left with a figure of £162billion, which is 47% of the money available for mortgage lending in 2007.

As I've said before it's either high prices and low transactions or vice versa, the money no longer exists, hence to pedal that the housing market is recovering, is a bit disingenuous, it will be interesting what the total lending will be for this year.