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Mortgage lending data reveals sluggish housing market

Posted on 24 October 2012

Mortgage approvals were higher in September than in the previous month but still fell well short of the same period in 2011, as new figures showed that activity in the housing market remains sluggish.
Mortgage lending totalled £7.3bn in September, down 6pc on the same month last year, according to the BBA’s high street banking report. Numbers of remortgaging approvals were 15pc lower than in September 2011 and approvals for other secured lending were 23pc lower………………………………………..Full Article: Source


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