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Reply #9: Mortgage lending wilted in autumn {uk} [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 06:23 AM
Response to Reply #5
9. Mortgage lending wilted in autumn {uk}
http://www.bbc.co.uk/news/business-16109139

Mortgage lending was squeezed further in October - with 10% fewer home loans given to first-time buyers than in the previous month, lenders have said.

There were 44,500 mortgages advanced for house purchases in the month, a fall of 8% compared with September, the Council of Mortgage Lenders (CML) said.

Loans to first-time buyers fell by 10% and they had to find a deposit of 20% of a home's value, on average.

Mortgage lending has been subdued throughout the year.
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