The British Bankers’ Association (BBA) has reported that lending for house purchases fell by 52% during 2008.However, in December the Association’s members approved 22,000 home loans, up from 17,000 a month earlier, although still down 47% on December 2007. The BBA is cautious about the monthly rise, suggesting that it does not indicate a real [...]
New mortgage lending down 52% in 2008
