Debate House Prices
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Mortgage lending plummets to 10-year monthly low...

carolt
Posts: 8,531 Forumite
...
as housing market remains 'exceptionally' weak
http://www.dailymail.co.uk/news/article-1313586/Mortgage-lending-plummets-10-year-monthly-low-housing-market-remains-exceptionally-weak.html
as housing market remains 'exceptionally' weak
http://www.dailymail.co.uk/news/article-1313586/Mortgage-lending-plummets-10-year-monthly-low-housing-market-remains-exceptionally-weak.html
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Comments
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All it will take is banks to start lending and the headline will be reversed. We all all just keeping the newspapers moving when there is no news about. House prices are the same and now just as before supply is falling.We love Sarah O Grady0
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House prices are continuing their inevitable fall............."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
MadnessOfHPC wrote: »Already been discussed and debated, the conclusion of which was that it's just temporary while prices stabilise thus giving any FTBers an ideal opportunity today to snap up their dream home before the next leg up.
What an exciting fantasy life you lead.0 -
All it will take is banks to start lending and the headline will be reversed. We all all just keeping the newspapers moving when there is no news about. House prices are the same and now just as before supply is falling.
From my circle of friends and family, which I admit to being only a tiny snapshot of the public as a whole, even if the banks did start lending, I don't think the desire or demand is there to take on a mortgage at the moment especially if you work in an industry facing inevitable cuts like the public sector or several forms of engineering and construction (or have been given the push already!)
Can't speak for people from other industries though whose outlook may be slightly more positive! Think its more of a northern issue.....0 -
Lending for house purchases remained static.
It is all down to remortgaging. Just that the daily mail are so sensationalist they cant bring themselves to publish that bit.
http://www.independent.co.uk/news/uk/home-news/mortgage-lending-plunges-to-10year-low-2084194.htmlThe Bank said data from the major lenders suggested that net lending, which strips out redemptions and repayments, was "little changed" during August.
It added that while gross lending for house purchase was broadly stable during the month, remortgaging activity continued to be weak.
What is more worrying is how often some people on here read the Daily Mail.:eek:0 -
There's nothing quite like a good, balanced article like that from the Daily Fail to brighten up my morning.0
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There's nothing quite like a good, balanced article like that from the Daily Fail to brighten up my morning.
You may want to read this then Mortgage industry rag:cool:
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Lending for house purchases remained static.
It is all down to remortgaging. Just that the daily mail are so sensationalist they cant bring themselves to publish that bit.
http://www.independent.co.uk/news/uk/home-news/mortgage-lending-plunges-to-10year-low-2084194.html
What is more worrying is how often some people on here read the Daily Mail.:eek:
You are hardly likely to re-mortgage if you are on a BR linked mortgagemine is BR + 0.95% BTW.
'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 -
When the BoE eventualy raise the IR by the smallest amount I bet remortgaging explodes.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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You may want to read this then Mortgage industry rag
Do we have this discussion every month? is this the one about lending hasn't gone down it just has not gone up as much as last time'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
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