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Mortgage approvals drop 21pc in Feb
macaque_2
Posts: 2,439 Forumite
What a surprise!
http://www.mortgageintroducer.com/mortgages/242735/4/Daily_news/Mortgage_approvals_drop_21pc_in_Feb.htm
Evidently the estate agents have had field day explaining to new buyers how to save 1% on 50% over priced assets (Note to Anne Robinson - the other 20% has been banked)
Come on bulls, talk to me about 'the spring bounce'
It was the lowest number of approvals for house purchase since May last year.
http://www.mortgageintroducer.com/mortgages/242735/4/Daily_news/Mortgage_approvals_drop_21pc_in_Feb.htm
Evidently the estate agents have had field day explaining to new buyers how to save 1% on 50% over priced assets (Note to Anne Robinson - the other 20% has been banked)
Come on bulls, talk to me about 'the spring bounce'
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Comments
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What a surprise!
http://www.mortgageintroducer.com/mortgages/242735/4/Daily_news/Mortgage_approvals_drop_21pc_in_Feb.htm
Evidently the estate agents have had field day explaining to new buyers how to save 1% on 50% over priced assets (Note to Anne Robinson - the other 20% has been banked)
Come on bulls, talk to me about 'the spring bounce'
46k mortgages in a month. Not too shoddy.0 -
Mortgage approvals drop 21pc in Feb.
:rotfl:
Yet mortgage approvals still went up 1.6% year on year in Feb.Come on bulls, talk to me about 'the spring bounce'
Sure.
When we get the numbers in from spring.....
As opposed to the current numbers from the middle of winter.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
46k mortgages in a month. Not too shoddy.
Indeed.
Despite all the doom and gloom in the press, and the stamp duty holiday pulling demand forwards to Dec/Jan (because nobody applying for a mortgage in Feb had enough time to buy before it ends).
Yet mortgage approvals are still up year on year.
As Macaque would say..... "What a Surprise!"
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
"The average loan to value fell for the third consecutive month to 61%"
What fantastic news!!
It shows that FTB's have saved much more than anyone thought and/or equity levels have returned to the historic highs.
This means that, on an average FTB House of £250k, the FTB's have saved around £100k.
That can only mean a country REJOICING!!Bringing Happiness where there is Gloom!0 -
I've written a song about you MrRee, I hope you like it:
MrRee is so boring
Deliberately ruining the forum
Every time I see one of his posts
I wish I was dead
Do you like it? I think it's pretty good.0 -
chewmylegoff wrote: »I've written a song about you MrRee, I hope you like it:
MrRee is so boring
Deliberately ruining the forum
Every time I see one of his posts
I wish I was dead
Do you like it? I think it's pretty good.
Shocking.
It didn't rhyme at the end.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Shocking.
It didn't rhyme at the end.
How about this (change Hitler for MrRee)?
http://www.youtube.com/watch?v=G1HwKA0J-gU0 -
46k mortgages in a month. Not too shoddy.
21% down and you come up with that!?
LOL.
Month on month is noise. But this is fairly large noise.
Let's see, you going to play it down due to the stamp duty concession ending? The very same thing that was played down as only a tiny impact in January?!0 -
Graham_Devon wrote: »
Month on month is noise. But this is fairly large noise.
Next months figures will be interesting.
Recent SVR increases will impact the market.0 -
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