Mortgage approvals on the downturn
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Mortgage approvals have taken a backward step for the first time in four months.
It was announced today by the British Bankers Association (BBA) that the number of new mortgage approval had fallen which was a massive blow to the talk about the recovery of the housing market.
The BBA also announced that they had expected fluctuations during the recession, but is this a sign of more uncertainty within the U.K. housing market?
It is certainly a blow to the housing market, and certainly will not be what all the people currently in negative equity or people potentially facing repossession wanted to hear.
If you are facing repossession or having financial difficulties then you might want to look in to sell and rent back schemes. These schemes have been setup by large cash funded investors looking to invest heavily in the property market. Please note that you do have to look into sell and rent back companies.
Do your research before making your choice
