Mortgage News
House Purchase Level Fall in UK
| Shared by Larry on Tue Apr 29, 2008 4:45 am | |
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It is reported that according to the Bank of England seasonally-adjusted mortgage approvals of house purchase has fallen to the lowest level since 1993. The approval has fallen to 64,000 in March where as even in February the number was 72,000 and in 2007 it was going at 155,000 both in March and May. At the same time home prices are also falling rapidly. Source: http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/04/29/bcnmort129.xml |
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