Mortgage Lending Down In April

(Press Association) – ACCORDING TO THE COUNCIL OF MORTGAGE LENDERS, a total of £10.4 billion was advanced during April, 9% down from the £11.4 billion lent in March — and 60% below the level for April last year.

The news, which dampens any prospect of a housing market recovery, comes as more grim reading was made available from the Office of National Statistics. It reported that public sector net borrowing hit £8.5 billion in April.

The steeper than expected rise in borrowing is a record for the month, and more than four times higher than the £1.8 billion seen 12 months earlier.

… (10/06/2009) – Buy-To-Let Landlords Hit Hard By Recession

… (13/06/2009) – Nationwide Increases Mortgage Rates

… (08/07/2009) – House Prices Fall Further In June


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