Gross mortgage lending likely to fall in 2012, says AMI
The Association of Mortgage Intermediaries is predicting gross lending of between £130bn and £135bn in 2012.
In its latest Quarterly Economic Bulletin it says gross mortgage lending in 2011 is set to match £136.3bn in 2010, but will fall to between £130bn and £135bn in 2012.
The report says “Insufficient equity blocks the market because tighter lending criteria means many borrowers end up without the borrowing capacity to get a mortgage. Someone who bought at 85% loan to value in 2007 would now have only around 5% equity, nothing like enough to remortgage or move up the housing ladder.â€
28 October 2011
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
