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CML reports a big rise in first-time buyers!!

MrRee_2
MrRee_2 Posts: 2,389 Forumite
in Debate House Prices & the Economy
The Council of Mortgage Lenders has announced that there was an increase in the number of mortgages agreed for first-time buyers in December.

18,700 home loans were advanced to first-time buyers, up by 14 per cent from December 2010 and up by seven per cent from November 2011.

What fantastic news for the FTB's!!

Rejoice!!

No doubt some sad, lonely, loser will come and put a damp sponge on this marvellous news!!
Bringing Happiness where there is Gloom!
«1

Comments

  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    We already have a thread on this. I read a report on this earlier and it was concluded that it was caused by the stamp duty holiday ending. A spike.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    I've just seen that other thread ... ooooops!

    I doubt it's a spike .... it's a full blown revival - that's what it is!!

    No doubt Crash_Bang_MuppetMan will be along soon to bring the whole mood down to his sad, lonely, level .....
    Bringing Happiness where there is Gloom!
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    MrRee wrote: »
    The Council of Mortgage Lenders has announced that there was an increase in the number of mortgages agreed for first-time buyers in December.

    18,700 home loans were advanced to first-time buyers, up by 14 per cent from December 2010 and up by seven per cent from November 2011.

    What fantastic news for the FTB's!!

    Rejoice!!

    No doubt some sad, lonely, loser will come and put a damp sponge on this marvellous news!!

    Complete c0ck up.
  • dave4545454
    dave4545454 Posts: 2,025 Forumite
    Tenth Anniversary Combo Breaker
    Negative_Equity wrote: »
    Yes indeedy.

    POSITIVE_EQUITY
    post_new.gif
    PPR

    Sibley, you need a new sock!!

    and mrs ree banned too?

    REJOICE!!
    Martin has asked me to tell you I'm about to cut the cheese, pull my finger.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    I can't see where it says that these posters are banned?

    Why would they have been banned, if they have been?
    Bringing Happiness where there is Gloom!
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    MrRee wrote: »
    I can't see where it says that these posters are banned?

    Why would they have been banned, if they have been?

    Put your glasses on.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Still cannot see anything saying banned .....
    Bringing Happiness where there is Gloom!
  • brit1234
    brit1234 Posts: 5,385 Forumite
    MrRee wrote: »
    I doubt it's a spike .... it's a full blown revival - that's what it is!!

    So Sibley are you saying after March first time buyers won't fall in number?

    :rotfl:

    Are you personally going to keep the ftb numbers up like you personally going to stop prices dropping below £160,000?
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    UK credit rating downgrade is going to make mortgages more expensive. These are the uncontrollable external factors that will damage house prices. Risk involved with home ownership just got higher.
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    brit1234 wrote: »
    So Sibley are you saying after March first time buyers won't fall in number?

    :rotfl:

    Are you personally going to keep the ftb numbers up like you personally going to stop prices dropping below £160,000?

    Sig is out of date Brit
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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