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BoE votes to keep mortgage rates at 0.5% and other mortgage news

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    undetterred wrote: »
    Another model pupil from the grayham devon school of deflection.

    Called K training if you are interested.
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    Kennyboy66 wrote: »
    And how about leaving Thrugelmir alone - he has always struck me as one of the more decent people on this board.

    You tedious load of bullies.

    Yeah, leave him alone you lot!

    cyber-bullying.jpg
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Kennyboy66 wrote: »
    very easy to find but here you are;

    http://www.bankofengland.co.uk/statistics/Pages/bankstats/2012/May12/default.aspx#a

    You want Table A5.3 (Lending secured on dwellings)

    Figures are seasonall adjusted - but the non SA show same trend.

    Lending secured on housing increased in Q1 by £3.4bn and HEW was -£8.8bn.

    Both are possible at the same time aren't they?
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    wotsthat wrote: »
    Lending secured on housing increased in Q1 by £3.4bn and HEW was -£8.8bn.

    Both are possible at the same time aren't they?

    Indeed there can be.
    Incidently, what's the nett effect?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • robmatic
    robmatic Posts: 1,217 Forumite
    Kennyboy66 wrote: »
    very easy to find but here you are;

    http://www.bankofengland.co.uk/statistics/Pages/bankstats/2012/May12/default.aspx#a

    You want Table A5.3 (Lending secured on dwellings)

    Figures are seasonall adjusted - but the non SA show same trend.

    Wouldn't you expect that value to increase over time due to additional housing stock being constructed and being purchased with mortgages?
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Kennyboy66 wrote: »
    very easy to find but here you are;

    http://www.bankofengland.co.uk/statistics/Pages/bankstats/2012/May12/default.aspx#a

    You want Table A5.3 (Lending secured on dwellings)

    Figures are seasonall adjusted - but the non SA show same trend.

    Here's the definition of negative HEW from the BOE
    http://www.bankofengland.co.uk/statistics/Pages/hew/2012/mar/default.aspx
    The negative figures indicate a continued injection of housing equity by households overall, with the net flow of lending secured on dwellings remaining weaker than their investment in housing. The flow of secured lending remained positive (Table A).

    CHART1.GIF


    TableA.gif
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    robmatic wrote: »
    Wouldn't you expect that value to increase over time due to additional housing stock being constructed and being purchased with mortgages?

    Over time you would expect people to become mortgage free.

    Not MEW their property and enter later stages of life with a mortgage debt to service. As is the case now with many in retirement seeing their available equity eroded away.

    All in all reflects a change in culture for the better.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Thrugelmir wrote: »

    All in all reflects a change in culture for the better.


    Would you kindly explain your reasoning?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    robmatic wrote: »
    Wouldn't you expect that value to increase over time due to additional housing stock being constructed and being purchased with mortgages?

    Or FTBers taking out their first mortgages and therefore increasing the total mortgage debt, even while the debt held by existing mortgage holders falls substantially.
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    grizzly1911 wrote: »
    Would you kindly explain your reasoning?

    Oh Christ not again. Watch out or Thrug will have a tantrum and then get all his sockpuppets to condemn you for bullying him!
This discussion has been closed.
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