The Bankwatch

Tracking the consumer evolution of financial services

UK Bank mortgage volumes down

An interesting stat that reflects a new normal when people are consolidating and de-levering.  However the percentage decrease of 18.9% since July 2009 is not so dramatic as the headline in the Telegraph suggests.

Banks approve just 1,000 mortgages a day | Daily Telegraph

It is down from 34,575 mortgages the previous month and the situation has got significantly worse compared with last year, with levels down from 41,353 mortgages in July 2009.  The latest figure is half the amount of mortgages approved before the credit crisis hit.

Written by Colin Henderson

August 24, 2010 at 16:09

Posted in Uncategorized

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