Mortgage lending slumps to £112m

Thrugelmir

chucky wrote: »

so how does that leave their balance sheet if they are sitting on large amounts of cash and large amounts of incoming cash each month - how does that leave the assets and liablities?

Enables the banks to increase Capital Ratios as will ultimately required by Basle 3.

Enables repayment of wholesale borrowing thats being used to fund mortgages. (Not so attractive with the proposed bank levy on same).

Lending to business can be increased.

Really2

Graham_Devon wrote: »

You are taking the use of sentiment to the extreme....and asking about polls. Which is stupid.

Jesus I give up. sentiment = feeling or emotions towards something.

you cant get that from £1's.

the only way to get public sentiment is in the form of a survey.

I am not being extreme, why the hell do you think they do the rics survey, consumer confidence etc.

You cant work out what people will do in the future on what they spent last month. You ask them what they will do instead. that is a survey of sentiment.

They even do them on what people think house prices will do!!!!


I now give up as you are having a logical breakdown again.

HAMISH_MCTAVISH

chucky wrote: »

i see where you're coming from - you missed this gem of a calculation from £112 million net amount...

Originally Posted by DervProf
More like 700 people have.

I'm starting to think this board is what happens when you mix together Forrest Gump and Groundhog Day.

Graham_Devon

Really2 wrote: »

Jesus I give up. sentiment = feeling or emotions towards something.

you cant get that from £1's.

the only way to get public sentiment is in the form of a survey.

I am not being extreme, why the hell do you think they do the rics survey, consumer confidence etc.

You cant work out what people will do in the future on what they spent last month. You ask them what they will do instead. that is a survey of sentiment.

They even do them on what people think house prices will do!!!!


I now give up as you are having a logical breakdown again.

LOL. I don't think I have seen anything quite as ridiculous as that on this forum yet.

What about this bit you missed out:

Weakening demand, would suggest weakening sentiment.

Are you denying that? Seriously?

The media, RICS, they are all saying the same, but you say this is wrong? It's called analysis and it's used on all figures.

You only have to look at commodities to see how sentiment = demand which is derived in £'s.. Unless there are loads of suvey's buzzing around the globe I'm unaware of.

Thrugelmir

Really2 wrote: »

But you ignore the base rate, the biggest cause of net repayment, that is nothing to do with sentiment.

Far easy for the banks to lend less. Majority of a mortgage repayment in early years is interest not capital. Mortgage debt doubled between 2003 - 2007. So proportionately little will be capital repayment at this early stage in the mortgage cycle.

There could be a switch as people use savings earning low rates of interest to reduce their mortgage balances. While some enjoy a low lending rate. The average SVR across all lenders is still nearly 5%. So making significant capital repayments isn't available to everyone.

Really2

Please point out the sentiment data in net lending and I will gladly look at it.

Sentiment may be down, but this data does not indicate any sentiment, as I said before, sentiment could be up EG last year but this was still falling,
So any idea this is an indication of sentiment please explain last year and how it related to sentiment.

Graham, I cant compete with you, I bow out. You are far mor supid than I can ever be.

Blacklight

Devon's law

3 Pages isn't bad.

Graham_Devon

Really2 wrote: »

Please point out the sentiment data in net lending and I will gladly look at it.

It's all over the thread.

So you do deny that weakening demand = weakening sentiment.

Blimey. It's embarrasing, but can't really go any further, can we?

Really2

I can't will do. Have a look at the old thread I just revived for you, mid 2009 and falling data?
https://forums.moneysavingexpert.com/discussion/1782543
So was sentiment down from that data?

chucky

Graham_Devon wrote: »

So you do deny that weakening demand = weakening sentiment.

Blimey. It's embarrasing, but can't really go any further, can we?

it sounds it's all getting rather desperate in the Devon corner...

so 26 less mortgage approvals is weakening sentiment... oh dear

desperate much there Mr Devon...

Wheezy wrote: »

http://www.telegraph.co.uk/finance/personalfinance/8096036/Britains-property-market-in-double-dip.html

The Bank’s figures showed the number of mortgages approved for house purchase fell for the fifth consecutive month to 47,474, the lowest level since February.

The number of mortgage approvals edged down very marginally from their already exceptionally low level of 47,500

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