An arid August looks set to lie ahead for agents, with the latest data – from a variety of sources – showing prices, transaction levels and mortgage lending all heading south. Mortgage lending fell in June, the Bank of England reported yesterday. The number of loan approvals for house purchase stood at 47,643, 4% lower [...]
Tag Archives: Mortgage Lending
House prices dip as buyers are in short supply
Landlords won’t benefit from mortgage holiday scheme
Governments’ recent proposal to assist Homeowners in avoiding repossession by the Banks will not extend to Buy to Let mortgages. PM Gordon Brown, announced the ‘Homeowner Mortgage Support Scheme’ last week, which is aimed at supporting households that suffer a “significant and temporary loss of income” caused by the current economic recession. The Treasury announced [...]
Banks in Tug-of-War
Michael Coogan, Council of Mortage Lenders Director General, believes that the Govenrnment need to prioritise their objectives and stop pulling Banks in all directions at once. Coogan released a statement after the announcement of the latest house purchase figures, he goes on to say: “To different degrees lenders are facing conflicting pressures to recapitalise against [...]
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