Mortgage lending decline for October
The Council of Mortgage Lenders (CML) have released data showing that an expected decline in mortgage lending has become apparent. With 46,000.00 loans for house purchases in October (worth a reported £6.7 billion), down by 6% in value from September’s figures, the total value is 12% lower than October 2009. Figures in the final quarter […]
In the bleak (conveyancing) mid winter?
To understand the implications of the current economic climate with regards to lending and conveyancing it is important to look at how we got to be in the state that we are in and where we are heading in the future. The article focuses on the residential property market and on problems and prospects for […]