Talk of a housing market recovery is premature
“We are still almost a third down on this time last year,” said the Sarah Teather, Liberal Democrat Shadow Housing Minister.
Commenting on today’s Council of Mortgage Lenders figures, which shows lending massively down on last year despite a month-on-month rise, Sarah Teather said:
“These figures show that talk of a recovery in the housing market is very premature. Although there is some increase in lending, we are still almost a third down on this time last year.
“There is clearly a lot of nervousness from lenders and borrowers.
“If this is what lending figures are like when interest rates are low, there will be real concerns about next year when inflation and interest rates are likely to rise.”
