Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : UK mortgage industry is booming
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January 05, 2006
UK mortgage industry is booming
In Britain, the number of mortgages closed in November went up by 115,000. While US mortgage origination is down despite continuous low rates, the mere rate cut spur 50 percent jump in home loans compare with mortgage volume of November in 2004.
The home values are also increasing in Britain, though not as rapidly as some would like. Another bright side is that people unsecured credit card debt is significantly down.
UK subprime lending
UK bad credit mortgage is getting more common
Posted in Mortgages at January 5, 2006 12:33 PM
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Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.
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