Britain limped out of its longest ever recession in the fourth quarter of 2009, official data showed on Tuesday, but massive debt is set to stunt recovery beyond a looming general election. » Read more…
Category Archives: Bank of England
British economy crawls free of record recession
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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British, German regulators to probe Goldman’s sale of mortgage securities
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Financial regulators in Britain and Germany said Monday that they will open investigations to see whether Goldman Sachs’s sale of mortgage securities broke any local laws after the disclosure that two European banks lost money on what U.S. officials allege were fraudulent deals. » Read more…
Mortgage approvals still sluggish, figures show
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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The number of mortgages approved for home buyers rose slightly in March, the Bank of England has said.
The total increased to 48,901 in March from 46,882 the month before, and the figure was 17% higher than in March 2009.
However, the Bank’s figures still suggest that mortgage lending has had a sluggish start to the year.
Approvals in the first three months were the lowest on record for the first quarter of any year, apart from 2009. » Read more…
Last chance for a decent mortgage?
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Mortgages could become harder to obtain, so it might pay to act now. » Read more…
Mortgage lending down amid warnings of second house price crash
Posted by admin on February 28, 2011
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Mortgage lending has fallen to its fourth lowest level on record amid warnings of a second crash in house prices.
The latest figures from the Bank of England revealed that net lending – which strips out redemptions and repayments – dropped to just £86 million in July, a steep fall from June’s £518 million. » Read more…