January 26, 2010 | 
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The British Banker’s Association (BBA) figures released today show that mortgage approvals for major UK banks rose in Decmeber. However they also show that overall in 2009,vapprovals were 27% lower than in 2008.
BBA statistics director, David Dooks stated: “The high street banks continued to lend substantial amounts in the weaker mortgage market of 2009 …..Their share of gross lending went up from a historical level of about two-thirds to three-quarters, due to specialist lenders largely withdrawing from the market and building society finance contracting.”
For more details visit: www.bba.org.uk or news.bbc.co.uk
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Categories: News |
Tags: BBA, British Banker's Association, Mortgage Approvals | 
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