More pain ahead for the property market Latest figures released by the Bank of England have shown that mortgage approvals in April dropped to their lowest level since records began in 1993. The reduction in lending is likely to cause … Continue reading
Category Archives: Banks
Net property borrowing falls further
Homeowners’ equity increases (but only because they are paying down debt) UK homeowners repaid a record £7 billion in the final quarter of 2010 according to figures released today by the Bank of England. This is the eleventh quarter in … Continue reading