Mortgage lending drops 90% in ONE month.

Discussion in 'Wall St. News' started by MohdSalleh, Oct 29, 2010.

  1. Mortgage lending drops by 90% in ONE month: Level falls from £1.62bn in August to just £112m in September

    By Daily Mail Reporter
    Last updated at 12:13 PM on 29th October 2010

    Mortgage lending fell by 90 per cent in a single month amid worrying signs house prices were set to dive, figures showed today.

    Net lending totalled just £112 million during the month, down from £1.62 billion in August, according to the Bank of England.

    Lending levels are unlikely to pick up going forward, with the number of mortgages approved for house purchase falling for the fifth consecutive month to 47,474 - the lowest level since February, which is traditionally a quiet month for the housing market.

    Read more: http://www.dail*****

    :eek: :eek: :eek:
  2. the1


    bad link
  3. not a bad link its censored by ET

    try substituting in D A I L Y M A I L
  4. This will work