Boomed!

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/6582677.stm

Mortgage lending is still rising strongly, says the Council of Mortgage Lenders (CML).

Total lending in March amounted to £31.3bn - 10% higher than a year ago and another monthly record.

Yes, the British public know where the money is at. Houses. Buy, buy, buy!

Bye bye.

[M_B]

Given that house prices rose at 10% for the same period, doesn't that mean that the amount borrowed has infact remained at the same level in real terms ?

[wendigo100]

Given that house prices rose at 10% for the same period, doesn't that mean that the amount borrowed has infact remained at the same level in real terms ?

No. If that were true the ratio mortgages:wages would be the same. As wages haven't increased by 10% in the same period, the ratio is increasing.

[Numptycorner]

Dear CUKers,

I think it is time for me to move on to pastures new.

This place doesn't really offer much in the way of useful information or entertainment these days, and my time is better spent on more productive sites.

I wish you all the best,

DimPrawn.

[Diestl]

Yeah, I thought you had left?

[andy]

We can always print money
but God is not making any more land... yada yada
Only way is Up Up Up

[Bright Spark]

what goes up must come down?

[andy]

what goes up must come down?

not if you are on viagra

[Bright Spark]

not if you are on viagra

you should have swallowed the red pill.

"Remember, all I'm offering is the truth. Nothing more." (matrix)

[Bright Spark]

Isn't Mortgate lending reflecting the demand that existed
at the begininig of the year because it takes a several weeks
for mortgages to get approved and doesn't take into account
the effect of interest rate rises yet?