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Debate House Prices
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Flatliners
Generali
Posts: 36,411 Forumite
New BoE lending stats are out:
http://www.bankofengland.co.uk/statistics/li/2011/may/index.htm
Mortgage lending up 0.7% yoy, lending to individuals up 0.8% yoy. Real debt levels continue to fall:
http://www.bankofengland.co.uk/statistics/li/2011/may/index.htm
Mortgage lending up 0.7% yoy, lending to individuals up 0.8% yoy. Real debt levels continue to fall:
0
Comments
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very depressed state of affairs, however the short run average is showing signs of rising per your chart, which is interesting as far as predicting future trends go. It appears more resilient than last year.
Thanks Generali.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
very depressed state of affairs, however the short run average is showing signs of rising per your chart, which is interesting as far as predicting future trends go. It appears more resilient than last year.
Thanks Generali.
My guess is that is the impact of reduced Government borrowing freeing up funds for lending by banks to individuals. Each pound can only be lent once (yeah I know, fractional reserve banking means that's not quite true). If the Government borrows more, the rest of us can borrow less.0
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