British banks approve fewer mortgages than originally forecasted

Published on July 30, 2010 | Author: bex

Filed Under Housing Market News | Leave a Comment 

Are you struggling to remortgage?

 

June has been a tough month for the mortgage market, it has been calculated that on average few mortgages have been approved from what was originally predicted. This has been the result of tighter lending conditions spurned from further weakened confidence with the housing markets supposed recovery. The Bank of England today has released disappointing agreed lender figures showing a decrease compared with May’s figures. The U.K’s housing recover is grinding to a halt as consumers brace themselves for the government’s budget squeeze to reduce the countries debt. New evidence from today’s Nationwide reports has confirmed that the housing market’s recovery is fading fast as government policy makers debate the timing of interest-rates.

If strict lending conditions are preventing you to release equity call Quick Cash For Properties today on 0800 933 6137 and un lock your equity today.

Comments