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Saturday 20th of March 2010

News Tag: Datamonitor

August 20, 2008

Mortgage lending to shrink by 20%

by Gill Montia
Mortgage lending to shrink by 20%
Market analyst, Datamonitor, is predicting that the UK mortgage market will shrink by nearly 20% this year. Despite a flurry of rate cuts in recent weeks, which has seen average interest on two-year fixed-rate loans topple from a ten-year high, Datamonitor paints a bleak picture of the UK home loan market. The credit crisis has reduced the number of lenders and products; mortgage ...