Surge in mortgage lending stokes boom
Series: Times ; 22 May 2001, 20, 24(2)Publication details: 2001Subject(s): Summary: Figures from the British Bankers Association show mortgage lending rose by £2.6bn in April to a new high, whilst the Council of Mortgage lenders reported a 27% increase in loans on April 2000. Data from the Halifax also showed that April saw the largest price increases since Autumn 2000, with annual house price inflation running at 5.7%, fuelling concerns about a sudden correction. Expects predict, however, a slowdown rather than an 1980s style slump.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3720-15 (Browse shelf(Opens below)) | 1 | Available | 112712-1001 |
Figures from the British Bankers Association show mortgage lending rose by £2.6bn in April to a new high, whilst the Council of Mortgage lenders reported a 27% increase in loans on April 2000. Data from the Halifax also showed that April saw the largest price increases since Autumn 2000, with annual house price inflation running at 5.7%, fuelling concerns about a sudden correction. Expects predict, however, a slowdown rather than an 1980s style slump.