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More Approvals for Home Loans In December


1/28/2010 3:14:14 PM
Banks approved double the amount of home loans in December. However the overall amount of money loaned to customers still dropped by £63bn which is the lowest level recorded since 1997.
The number of mortgages approved in December rose to £45,897, this was double the amount approved last December.
There were lots more mortgage applications in December of this year as home buyers wanted to complete sales before the stamp duty holiday on properties costing below £175,000 finished. This strenghened activity in December 2009.
The lending of secured loans is rising at the fastest pace since october 2008.


Written by Sam Peppercorn of Home LoansSecured Loans
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS SECURED ON YOUR HOME.