Mortgage lending rose in December
New statistics from the British Bankers’ Association (BBA) show that net mortgage lending rose in December.
The figures may be an indication that the market is gaining some stability.
The rise in mortgage and remortgage lending stands at 2.9 billion GBP, although this is lower than November’s 3.2 billion GBP.
THe BBA said that due to the financial crisis, monthly figures are less indicative of trends than they would usually be.
February 4th, 2009 at 9:18 am
Does this mean the beginning of the end, or the end of the beginning? Or neither? I guess those who can afford it aren’t going to wait for more interest rate cuts after tomorrow…