Mortgage lending slumps to £112m

Graham_Devon

Looking further into this...

Really2 wrote: »

Gross lending tells you squat about prices, if everyone remortgaged this month and not one house sold would that mean we are in a boom?

The above was because gross lending was down.

And today, we get...

Really2 wrote: »

Can some one PM me when everyone understands Net lending.
After 2 years people failing to understand it is now getting a bit tedious.

It gives no indication of money lent for purchases, that is gross mortgage lending.

This is because net lending is down.

Then we have this...

Really2 wrote: »

Net new morgages is more relevent to the housing market not Gross.

As stated by many why take out a new fixed rate at the moment.

and this...

Really2 wrote: »

Surely for market activity net new lending is the indicator not Gross

Guess what, gross was falling again.

But today, it's pretty much irrelevant.

Chucky then pipes up with this, after tell me I don't understand...

chucky wrote: »

i've told you that i don't know if it's good or bad. i just don't understand why people are getting so excited and happy that net lending is down, it has very little meaning.

there's also an extra factor that i didn't mention, remortgages. that makes 4 factors that make up the net lending numbers - to make a serious analysis of it you need to look at all of them individually.

as i said to you the most important one is the gross lending numbers - there the ones that tell you if it's good or bad.

So which is it? Gross or Net thats important?

Seems it's gross if net is falling, and net if gross is falling.

I have a feeling the insults are gonna fly.

Really2

posh*spice wrote: »

Haven't read the whole thread but the OP has to be wrong. From Bloomberg.






http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ayzvBJJ2svUs

As I said you cant get any idea of what is happening to house sales from net lending.
Gross lending you can gauge a bit more from but it still can paint the wrong image because of remortgages.
When rates go up gross lending will go through the roof.

Really2

Graham_Devon wrote: »

I dunno what's up with you...







Which part are you having so much trouble with?

You seem to be desperately trying to prove that sentiment doesn't affect demand.

Doh,
those are opinions on today's figures not the sentiment of the UK public.

One more try GD, how does net lending reflect sentiment.

Really2

Graham_Devon wrote: »

So which is it? Gross or Net thats important?

Seems it's gross if net is falling, and net if gross is falling.

I have a feeling the insults are gonna fly.

Read my above quote,
1) Gross can be effected by remortgaging. (but seems you are having problems identifying the difference quoting me on gross on a net thread)
2) Net is effected by redemptions and repayments.

Neither tells you squat on house prices.

One tells you how much is being lent in total one month.
The other tells you how much mortgage debt has increased or decreased.


But I understand you will think this is spin as month on month you fail to comprend this.
My .stance has not changed, but your pulling of old posts now makes you look a fool.:)

PS you quoted

Really2 wrote: »

Surely for market activity net new lending is the indicator not Gross

that would be the only way you could find how much was spent on house purcahses in a month.
That would be houses sold excluding remortgages.

Cheers dev you proved how smart I am on this

drc

That can't be right. Someone has mixed up mortgage lending with the amount the amount someone won on the Euromillions a few weeks ago. Either that or banks are really tightening their belts .

Graham_Devon

Really2 wrote: »

but your pulling of old posts now makes you look a fool.:)

LOL, really?

Have a look at what you did, top of this page....incase you have trouble...

Really2 wrote: »

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

Think....type.

Really2

Graham_Devon wrote: »

LOL, really?

Have a look at what you did, top of this page....incase you have trouble...



Think....type.

That is an Inspector Monkfish thread. No old quotes.

Click, think, type.:rotfl:


PS you still have not answered what part of this data is based on sentiment. How can data from a month ago = sentiment? Did they base the figures on what they felt they would be?

Graham_Devon

Really2 wrote: »

That is an Inspector Monkfish thread.

Oh!!! That makes all the difference then!!

Really2

Yes, if prices fall 40% I could get near to NE.

Bricking it, every month that goes by I have an extra £1K goes of my mortgage.

Glad to see the failure to debate resorts in the same old whining. (by a fatpig, pizzagirl, etc, etc sock puppet)

Does school start again on monday?

also if people do need to use sock puppets, could they start coming up with some original material? also don't bold the same stuff all the time, try to hide it at least. It makes it to easy.

Really2

Just in case you are as thick as
,
Here is a sentiment survey on house prices.
http://www.google.com/hostednews/ukpress/article/ALeqM5i3XquaCp3yCOsZTnoiFuOTHGxSbw?
docId=N0061541287886007118A

More people think house prices will fall during the coming year than those who think they will rise, a survey has shown.
Around 32% of potential buyers think the value of property will fall during the coming 12 months, with only 27% optimistic that prices will be higher a year from now, according to property website Rightmove.
A further 36% of people planning a move think the housing market will stagnate during the coming year and prices will be unchanged.

That is sentiment.

Now don't be dingbats.


I bet devon will be yapping any second.