With mortgage lending at its lowest level in more than a decade last year pay, we this year where?
Last years was only ?136 loans. 3 billion British pounds only, this is an all time low and quite a dramatic reality what happened in the last year where the market was going and how its going to be this year round.
This is the lowest lent figure since the year 2000 and at least 5% down from the previous years lending.
The predictions for this year and even lower coming pounds at 135 billion. This is worrying for the home market and could fuel a potential crash in worth of UK property in the country.
Put this on the side of any rate increase with inflation pressure, and we're talking a real slowdown.
We need keep buyers with confidence to the purchase.
We need to increase lender on the high street and low loan lenders your trust and have started, loans to those you are otherwise declining.
The UK currently has a very volatile position and get out of that place must we all increase confidence in our market and plans advance, spend, spend, spend!
To drive the economy, banks are ahead the real push forward. To open their coffers and the ways of the past to give without ratio, consumers so loosely on steep credit to income won't be able to consume and nothing is better.
Back in the days of easy borrowing up to 3.5 times it will be look our income so easy to buy, but where we must return thats get. Along side a 10% - 15% down payment and things back on track, where we need you couldn't return.
Here's hope for the home market in the UK in 2011.
Daniel Zane London
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