BBC, 21 May 2010: "The total amount of money lent in new mortgages fell back in April. The Council of Mortgage Lenders (CML) said £10.2bn was lent, both to home buyers and other borrowers. That was 12% less than in March and was the lowest figure for any April since the year 2000."
BBC, 2 June 2010: "Mortgage lending crept up in April compared to the previous month, according to the Bank of England. The number of mortgages approved for house purchases increased from 49,008 in March to 49,871 the following month, a rise of 2%."
All That’s Wrong
1 hour ago
3 comments:
What does this mean though? Are homes getting cheaper? Or is it that the homes which are being bought are on average cheaper ones? Or are people putting down bigger deposits? Or are...etc?
By the way SHOCK HORROR the BBC actually headlined a story about house prices increasing as "House price inflation hits 8.5% in England and Wales" today. Obviously the editor was asleep and let that slip through without revising it to "Housing Market Recovers" as usual.
B, buggered if I know.
AC, hmm. The BBC is usually very Home-Owner-Ist.
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