Mortgage lending at 25 month high

Graham_Devon

Surprised one of our resident loonies hasn't got this one up yet!

Bloody severe mortgage rationing that's going on has mortgage lending at a 25 month high.

Mortgage lending rose to a 25-month high of £13.4bn in August, according to figures released by the Council of Mortgage Lenders.
Gross mortgage lending increased by 6% from £12.6bn in July and by 10.4% from £12.1bn in August 2010. The August figure is the highest since July 2009, when mortgage lending rose to £14bn, and is the highest for an August – traditionally a strong month for mortgage lending – since 2008 when £19.3bn was lent.

But the CML's chief economist Bob Pannell still believes the market is muted: "Much of the recent variation in monthly lending figures appears to have reflected seasonal factors, with the underlying picture being one of activity levels that continue to be subdued but broadly stable.

"The August performance more or less offset the weaker than expected July figure. Taking July and August together, lending has shown little change on the same months of 2009 and 2010."

http://www.guardian.co.uk/money/2011/sep/20/mortgage-lending-25-month-high

Pimperne1

Graham_Devon wrote: »

Surprised one of our resident loonies hasn't got this one up yet!

Bloody severe mortgage rationing that's going on has mortgage lending at a 25 month high.


http://www.guardian.co.uk/money/2011/sep/20/mortgage-lending-25-month-high

Those guys from the CML are always trying to pour cold water on good news. You couldn't make it up. (Anyway, second leg down anyone?).

Rinoa

Graham_Devon wrote: »

Surprised one of our resident loonies hasn't got this one up yet!

Bloody severe mortgage rationing that's going on has mortgage lending at a 25 month high.


http://www.guardian.co.uk/money/2011/sep/20/mortgage-lending-25-month-high

CML Gross lending includes both house purchase and remortgaging.

So not much use for measuring the precise number of house purchases last month.

Graham_Devon

Rinoa wrote: »

CML Gross lending includes both house purchase and remortgaging.

So not much use for measuring the precise level of house purchases last month.

Guess that's why I didn't do that.

Rinoa

Graham_Devon wrote: »

Guess that's why I didn't do that.

I doubt you realised what the figures represented.

Graham_Devon

Rinoa wrote: »

I doubt you realised what the figures represented.

Oh right. So you'll accuse me of something, and when I point out I never mentioned, or even hinted at what you accused me of not realising what the figures represent, even though, the very article I posted, tells you.

When you are actively looking for things to have a pop at regardless of what's said, you look a little silly.

Rinoa

Graham_Devon wrote: »

Oh right. So you'll accuse me of something, and when I point out I never mentioned, or even hinted at what you accused me of not realising what the figures represent, even though, the very article I posted, tells you.

When you are actively looking for things to have a pop at regardless of what's said, you look a little silly.

And you call the bulls 'loonies'.

Some would say you're a tad paranoid.

Graham_Devon

Rinoa wrote: »

And you call the bulls 'loonies'.

I just said loonies.

Though it's amusing that you promptly linked the forum loonies to the bulls

Sorry...was that me you were claiming to be paranoid?

Rinoa

Graham_Devon wrote: »

I just said loonies.

Though it's amusing that you promptly linked the forum loonies to the bulls

Sorry...was that me you were claiming to be paranoid?

Have you been taking lessons in trashing threads from geneer?

doire_2

Graham_Devon wrote: »

I just said loonies.

Though it's amusing that you promptly linked the forum loonies to the bulls

Sorry...was that me you were claiming to be paranoid?

Graham_Devon

doire wrote: »

Thanks. Though I can't take all the credit, I mean it wasn't exactly taxing.