The Bank of England released it’s January lending figures to a crowd of eager journos and interested parties and they weren’t disappointed. The figures, which cover UK lending in January, have been put together from info provided by all the banks and mortgage providers and offered up some eye-opening stats.
For example, with repossessions threatening many – only 48,198 mortgages were approved in January, 17% less than in December and mainly lower because of the poor weather and the decrease in stamp duty back down to the pre-holiday level of £125,000. Other figures showed that the number of home loans approved in January ’10 is actually 43% higher than in January ‘09 which will give some hope to UK residents.
