Mortgage demand in crash territory will 'subdue' house prices in 2015
"British lenders have witnessed the sharpest fall in demand for mortgages since the last housing market crash, according to Bank of England figures.
Sentiment among UK lenders plummeted in the final three months of 2014 as the majority of respondents to the central bank's Credit Conditions Survey reported weakening demand for new home loans.
The index, which measures the opinion of mortgage lenders, showed sentiment at 11pc in the first quarter of the year, indicating a rise in volumes of people trying to secure a mortgage
It rose again in Q2 to 26.8pc before falling to -27.4pc for the period of July to September and then sliding further to -46.1pc in Q4 as the bulk of the group recorded a continuing fall in demand.
While Zoopla and Rightmove have seen record traffic over Christmas, as people peruse property on the market, industry commentators believe the combination of tighter credit conditions and political uncertainty around the general election has stifled the housing market. "
Source: Mortgage demand in crash territory will 'subdue' house prices in 2015 - Telegraph
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2015 is the year when I hope to buy a house
"British lenders have witnessed the sharpest fall in demand for mortgages since the last housing market crash, according to Bank of England figures.
Sentiment among UK lenders plummeted in the final three months of 2014 as the majority of respondents to the central bank's Credit Conditions Survey reported weakening demand for new home loans.
The index, which measures the opinion of mortgage lenders, showed sentiment at 11pc in the first quarter of the year, indicating a rise in volumes of people trying to secure a mortgage
It rose again in Q2 to 26.8pc before falling to -27.4pc for the period of July to September and then sliding further to -46.1pc in Q4 as the bulk of the group recorded a continuing fall in demand.
While Zoopla and Rightmove have seen record traffic over Christmas, as people peruse property on the market, industry commentators believe the combination of tighter credit conditions and political uncertainty around the general election has stifled the housing market. "
Source: Mortgage demand in crash territory will 'subdue' house prices in 2015 - Telegraph
---
2015 is the year when I hope to buy a house
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