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Big rise in number of Mortgage approvals

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    #1

    Big rise in number of Mortgage approvals

    The number of mortgages approved for house purchase jumped by 19 per cent during February and borrowers repaid a record amount of debt the Bank of England said today.

    http://business.timesonline.co.uk/to...cle6001337.ece
    Boomed.
    Tags: None
    #2
    Originally posted by TimberWolf View Post
    Boomed.
    Boomed-ish. Good to see mortgages being provided again, but people aren't getting the silly amounts that they were before, and that was what was driving the prices up.

    Some way down to go yet I fear.

    Comment

      #3
      What I find amazing is that anyone is actually BUYING houses right now. They must be nuts!
      Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus

      Comment

        #4
        Would not have thought getting a mortgage approval meant you executed it (bought a property). May be a daft comment but have never bought a house in the UK.

        Comment

          #5
          Originally posted by PM-Junkie View Post
          What I find amazing is that anyone is actually BUYING houses right now. They must be nuts!
          As Adolf Hitler once said - 'It is as well for the Leaders that the people do not think ..'



          Fill Yer Boots Up Lads !!!!

          Comment

            #6
            Originally posted by PM-Junkie View Post
            What I find amazing is that anyone is actually BUYING houses right now. They must be nuts!
            Must be a return to "normal" on the housing market.

            http://www.moneyweek.com/investments...450&h=334&as=1

            Comment

              #7
              The critical question is 19% up from how many?

              19% of a big number is quite a lot, 19% of a small number amounts to bugger all.

              Stating a percentage increase is a classic "lies, damn lies and statistics" tactic that is thoroughly deceptive.

              Comment

                #8
                Indeed.

                Mortages fall from 10,000,000 to 2 and then rise to 3. Boomed! Mortgages rise 50%.

                Comment

                  #9
                  ...but surprise surprise, a bit of potentially brighter news (albeit a very small piece) doesn't appear to have made it to the BBC website. Unless it is well hidden.

                  Funny ol' thing eh?
                  Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus

                  Comment

                    #10
                    Originally posted by PM-Junkie View Post
                    ...but surprise surprise, a bit of potentially brighter news (albeit a very small piece) doesn't appear to have made it to the BBC website. Unless it is well hidden.

                    Funny ol' thing eh?
                    Gordon Brown and the entire Cabinet have been run down by an out of control truck?

                    Comment

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