Mortgage Lending Falls Further
Mortgage lending was down again in February. Gross lending levels were down 60% on the previous year and down 15% on January 2009.The Council of Mortgage Lenders blames a lack of available funding for the fall in lending. Banks are predominantly reliant on retail savings to fund mortage lending (just like old fashioned banking practices!), and yet the current low interest rates are not encouraging people to save or they are choosing to put their money into National Savings instead.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us
0 Comments:
Post a Comment
Links to this post:
Create a Link