Investment Property: Growth in British Mortgage Lending from August to September 2008
Contrary to the Bank of England statement which reported on the economic meltdown in Britain, a report from the British Bankers Association illustrates better signs of stability. Investment property in country has in fact picked up for the month of September, as compared to the figures gathered from August. For September an evident growth in mortgage lending worth of £3.2 billion was accounted for, up from the £2.8 billion in August. There has also been an accounted growth for the number of loans processed for property purchase which has reached up to 23,422 from 21,342. Property investment in the UK is expected to recuperate quickly, if this positive trend in mortgage lending will persist.
Posted: November 18th, 2008 under Real Estate Marketing.
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