Tag Archives: institution of chartered surveyors

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’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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Housing Market Worst Since 1970s

From the Guardian: House sales could fall to their lowest level since the mid-1970s the Council of Mortgage Lenders warned yesterday, as it predicted a drop in prices and a halving in the mortgage market as a result of the … 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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The UK’s Mortgage Squeeze

From the Times of London: As Caroline Flint, the Housing Minister, strode along Downing Street this week, she put on show private Cabinet papers that predicted a property price fall of 5 to 10 per cent this year. Miscalculation or … Continue reading

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Mortgage Lending At Lowest Level In 30 Years In The United Kingdom

I knew things were bad, but that bad? Lenders have clamped down on lending, demanding high standards. The Labor government is ignored. Its political fortunes are tied to the economy which appears headed for recession. Here’s the report: Mortgage lending … Continue reading

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