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Real Estate Briefing - Categorized | Emerging Trends, Mortgage more

Mortgage lending: Baggage-handling

Posted on 31 July 2009

From Economist.com: Is the housing market really coming back to life? Prices may finally have embarked on a tentative upswing but mortgage lending remains a mixed picture. Figures from the Bank of England on July 29th show that property loans increased in June by only £342m ($561m), about the same as in May and less than most economists were expecting.
The number of mortgage approvals, however, rose by almost 8% to 47,600, up from a trough of 27,400 last November……….Full Article: Source


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