http://news.bbc.co.uk/1/hi/business/6378209.stm
Mortgage lending has hit a record high for the month of January, according to the Council of Mortgage Lenders (CML).
Gross mortgage lending was £26.8bn in January, 16% higher than for the same month in 2006.
The CML figures were a record for any January, but were down by 6% on the £28.5bn lent in December.
There you go. Houses will increase in price forever. No doubt. Interest rates have no effect. Raise them to 100% and it would make no difference.
Buy now whilst they are giving them away.
Mortgage lending has hit a record high for the month of January, according to the Council of Mortgage Lenders (CML).
Gross mortgage lending was £26.8bn in January, 16% higher than for the same month in 2006.
The CML figures were a record for any January, but were down by 6% on the £28.5bn lent in December.
There you go. Houses will increase in price forever. No doubt. Interest rates have no effect. Raise them to 100% and it would make no difference.
Buy now whilst they are giving them away.
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