17% Dive in Mortgage Lending for January
March 16th, 2010 by Len
The housing market in January 2010 saw large dip in activity so much so that lending fell by 17%. Mortgage advances also fell in the month of January y nearly £3 Billion. These figures come just as nationwide announced that house prices have fallen for the first time in ten months in February 2010.
This fall in house prices is according to Nationwide down to the harsh winter weather that the UK has been seeing. The following months will be very interesting to watch to see how the economy is continuing to recover from the recession and the house price demands.
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