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BoE mortgage approvals at 20 months high
Rinoa
Posts: 2,701 Forumite
http://www.bbc.co.uk/news/business-15105038
BTW, for those who don't know any different, these are seasonally adjusted.
The Bank of England said 52,410 mortgages were approved last month.
That was nearly three thousand more than in July, and the highest number since December 2009.
The figures suggest that a recent slight relaxation in lending criteria by banks and other lenders will lead to higher sales in the coming months.
Adrian Coles, director-general of the Building Societies Association, said: "Approval figures continue to look promising as consumers take advantage of the competitive mortgage rates."
"However, the outlook for the economy has deteriorated over the past month as has consumer confidence, which could well spill into the housing market, causing further weakness," he warned.
BTW, for those who don't know any different, these are seasonally adjusted.
If I don't reply to your post,
you're probably on my ignore list.
you're probably on my ignore list.
0
Comments
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Not all good news though.But on Wednesday the Bank of England said banks had told it they may face a renewed squeeze on their ability to lend.0
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Thrugelmir wrote: »Not all good news though.
True. The only way house prices will fall is financial armageddon in Europe.
I guess the bears can't wait.If I don't reply to your post,
you're probably on my ignore list.0 -
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Thrugelmir wrote: »Not if funding for UK mortgages becomes more and more restrictive?
Of course, if future tumoil and/or legislation curtails lenders funding ability, that would be a problem.
But the article and the current approval figures suggest the opposite is happening at the moment.If I don't reply to your post,
you're probably on my ignore list.0 -
This Thrugelmir is a bundle of laughs ain't he. Nothing but doom and gloom.
Imagine what it be like sitting in a pub and having a beer with this fella!0 -
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At least we'd get past the ID check and be allowed in.0
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This Thrugelmir is a bundle of laughs ain't he. Nothing but doom and gloom.
Imagine what it be like sitting in a pub and having a beer with this fella!
I dunno, could be a decent evening of debate discussing the real term value of the pint:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I dunno, could be a decent evening of debate discussing the real term value of the pint
Probably turn the beer sour.0 -
Graham_Devon wrote: »At least we'd get past the ID check and be allowed in.
I bet your the sort of bloke who disappears to the toilet when it's your round.0
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