Unter der Bruecke Blog
Champion of Blogs
Here in the UK, secured loans, bad credit and rising mortgages are coming together
March 31st, 2008 by admin
I’ve just been studying the UK mortgage statistics for January this year. They make for interesting reading.Remortgages made for nearly half of all the loans offered by UK banks to home owners. This was a high proportion of these loans, and commentators are calling it a ‘record’ percentage.Mortgage lending early this year has recovered a little, after the end of 2007 when borrowings were quiet. So the industry is relieved. (Not to mention the government!)Mortgages approved by value were almost £20 billion, which was higher than the average for the six months from July to December the previous year.The number of people taking up mortgages was also up from December, at almost 44,300.This indicates that in the UK secured loans, bad credit and the other difficulties of borrowing are being overcome.
