Tag Archives: mortgage approvals

Home Prices Increase In Britain

Reuters reports that British banks approved 80% more new home mortgages last month as compared with a year before. Home prices in Britain dropped by about 20% in 2008 but have been increasing this year. Reuters says: Demand for re-mortgaging … Continue reading

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UK Mortgage Market Crashes

LONDON, Sept 29 (Reuters) – Mortgage lending barely rose at all in Britain in August, with the increase shrivelling to two percent of what it went up by a year ago. Analysts speculated net lending could even turn negative before … Continue reading

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Britain’s Brutal New Mortgage Market

From the Times of London: New mortgage approvals slumped to 58,000 in April, 49% down on a year earlier, and easily the lowest on record. It is important not to confuse the number of mortgage approvals with the level of … Continue reading

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Mortgage Lending Down 50% In UK

From the Telegraph: The number of mortgages given to home buyers has fallen to a record low, according to the Bank of England, as the credit crisis leads to a severe lending drought. The number of mortgages approved for house … Continue reading

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UK Mortgage Approvals Up

Mortgage loan approvals rose in April, new data has revealed. According to figures from the British Bankers’ Association (BBA), approvals rose nine per cent last month when compared to March. However, the figures are still lower than in the same … Continue reading

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UK Mortgage Approvals Near Record Low

From Reuters: LONDON (Reuters) – The number of mortgages approved for house purchase was the second weakest on record in April, a survey shows, suggesting no let-up in the property market downtrend. The British Bankers’ Association said approvals for home … Continue reading

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UK’s Dramatic Drop In Mortgage Lending

From the Guardian: The property market slump seems set to intensify after the major banks revealed that the number of new mortgages approved in April was the second lowest on record. In overall terms, April’s underlying net mortgage lending was … Continue reading

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UK Mortgage Approvals Down

From the Daily Telegraph: Mortgage approvals slumped last month as the slowing UK housing market and the disruption in the mortgage market deterred buyers. According to a report from the British Bankers’ Association, granted 38,704 loans in April, down 39pc … Continue reading

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UK Refinance Crisis

From OxAn: SIGNIFICANCE: Residential property affects the stability of financial markets and exerts an impact on the real economy via the construction, financial, estate-agency and legal sectors, and through housing-equity financed consumption. All of these areas are sensitive to a … Continue reading

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British Banks Reluctant To Loan

The Labor government is working to restore confidence among banks over lending to one another. The Bank of England governor testified before parliament. He wants a second five-year term as leader of the UK’s central bank. Mervyn King says he … Continue reading

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