The British Bankers Association has just released lending data for May. Banks issued just 28,000 loans for house purchases; 56 percent down on May last year.
There's no consumer confidence at the momment so people are generally going to continue to tighten their belts and try and hold off taking out loans and the banks are finally seeing that maybe throwing loans and credit cards invitations relentlessly at people was probably not the best long-term strategy.
The British Bankers Association has just released lending data for May. Banks issued just 28,000 loans for house purchases; 56 percent down on May last year.
3 comments:
They also revised April's figure downwards from 38700 to 34752, thus removing the slight upwards blip that appeared March to April.
Andy, I didn't notice that, well spotted.
Alice
There's no consumer confidence at the momment so people are generally going to continue to tighten their belts and try and hold off taking out loans and the banks are finally seeing that maybe throwing loans and credit cards invitations relentlessly at people was probably not the best long-term strategy.
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