You are here: Home - Uncategorized -

Mortgages slow down for Christmas

Written by:

Mortgage lending has shown its usual end-of-year slackening, according to figures from the British Bankers’ Association (BBA).

In December last year, the overall number of new mortgages approved, but not yet lent, fell to 140,866. This represented a 27% drop on November, but was still 5% higher than in December 2004.

David Dooks, BBA director of statistics, said: “Weaker mortgage lending in the first half of 2005 led to annual totals generally smaller than in 2004.

“But gross lending and loans approved for house purchase finished the year on an upward trend, after allowing for seasonal factors.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Chelsea on a losing streak

Chelsea Football Club has recorded the biggest loss ever seen in British football, £140m for the year 2004-5, an increase...