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Mortgage approval down 13% since April!!
ultra10
Posts: 379 Forumite
http://www.guardian.co.uk/business/2008/jun/24/housingmarket.construction
"The figures confirm housebuilders' view that already weak home sales collapsed after Easter. An increasing number of economists think house prices could fall 30% in the downturn, such is the effect on mortgage finance of the credit crunch." :eek:
"The figures confirm housebuilders' view that already weak home sales collapsed after Easter. An increasing number of economists think house prices could fall 30% in the downturn, such is the effect on mortgage finance of the credit crunch." :eek:
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Comments
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Wow, that's a really big fall in just a month....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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That's a huge fall.
Watching it all unfold on the Internet this time, is a real eye opener.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
That will put further pressure on the pound.
http://www.forexfactory.com/news.php?do=news&id=92966Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Also a similar item from Sky News
http://news.sky.com/skynews/article/0,,30400-1319900,00.html
I cant see there is any doubt now..we are entering a full blown CRASH !!0 -
When someone has an offer for a £100,000 mortgage approved, then needs to change this and applies for a £97,000 mortgage and is rejected you know times aren't easy.0
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It's like I always suspected.
They would have liked to stop mortgage lending at such near peak valuations altogether, but to do so would cause an immediate panic and crisis in the housing market, so they are slowly weaning us off the credit for a more orderly, but still scary, downturn.0 -
Indeed so dopester0
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hmmmmmm
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