We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage lending still stagnant
Graham_Devon
Posts: 58,560 Forumite
And looking to get worse...
http://www.bbc.co.uk/news/business-16407968Mortgage lending to home buyers is likely to keep on stagnating in the coming months, figures from the Bank of England suggest.
In November 2011, just 52,854 mortgage loans were agreed in principle for home buyers.
Although this was 12% higher than in November 2010, the figures have barely changed for the past four months.
Mortgage approvals are still less than half the level recorded in the run up to the banking crisis in 2007.
Howard Archer at IHS Global Insight said: "Housing market activity remains very weak compared to long-term lows and has been unable to develop significant upward momentum."
"With the economic environment looking decidedly worrisome, we believe that house prices are headed downwards in 2012," he added.
0
Comments
-
Graham_Devon wrote: »
We seem to be heading back into recession, can anyone remember what happened to House prices last time?
0 -
Aberdeenangarse wrote: »We seem to be heading back into recession, can anyone remember what happened to House prices last time?
No, will they soar? I keep reading that they will...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards