Mortgage Lending 34 Year Low
Published / Last Updated on 11/02/2009
Mortgage Lending 34 Year Low
The Council of Mortgage Lenders has released figures that mortgage lending in the UK is at its lowest level since 1974.
It confirmed that lending was down by nearly 50% over the last two years.
It suggest that this fall is due to a combination of lack of liquidity on the mortgage lending market as well purchasers being more cautious in the current difficult economic climate.
Useful links:
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop
