Thursday, September 1, 2011

The Brits are not afraid of mortgage risk

Banks Finansy01-12-2009 Brits are not afraid to risk the mortgage in October this year, the number of mortgage approvals in the UK has increased to a maximum over the past year and a half levels. Banks endorsed 57.345 thousand mortgage loans compared to 56.205 thousand in September, reports Bloomberg. Net mortgage lending for the month rose to 922 million pounds. In September, the volume of housing loans in the country increased by 822 million pounds, while the number of mortgage approvals amounted to 56.205 thousand, in turn, in October 2009, the number of mortgage approvals in Britain rose by 1.1 thousand compared to September. Analysts, these figures are interpreted as a manifestation of signs of recovery in the property market. "This is encouraging and suggests that we are moving in the right direction in terms of supporting the housing market - said an interview with Bloomberg economist at BNP Paribas in London, Alan Clark. - We will emerge from recession in the fourth quarter, but I'm not sure that we can then build on the success. "

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