/24-7PressRelease/ - LONDON, UK, June 13, 2006 - Latest figures have revealed that a total of 15.5 billion in mortgage lending was reported in the month of April. Major British Banking Groups states that mortgage lending was up by four percent last year. Due to late Easter, numbers of working days have been reduced and that could be one of the reasons for low showings.
According to recent figures around 15.5 billion mortgage lending was reported in the month of April. A Data from the Major British Banking Group (MBBG) reveals that lending was four percent high on last April. Nevertheless, 169,330 mortgage approvals reported in April was approximately 12 percent less on last year and 22 percent lesser than March's figure. The group cited that the reason behind this slump could be the limited number of working days in April due to late Easter.
David Hooks, head of statistics at the British Bankers' Association expressed the same reason for low mortgage approvals. However, he further stated that approvals were pre-conceived and estimated considering holidays. By considering last two month's record, it was clear that consumers were showing less interest on unsecured borrowings. A figure shows that average mortgage for home owners in April was 140,400. Another figure shows that though the values of the loans were four percent higher, around nine percent less remortgage loans were taken out.
For additional information on the news that is the subject of this release (or for a sample copy or demo), contact Webmaster: http://www.your-mortgages.co.uk
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
- bad, best, cheap, credit, first, flexible, interest, loan, low, mortgage, rate, residential
Other Press Release Headlines:
