- Home loans rose 7.9% y/y
- Value of loans fell 3.4% vs July to £11.4m, +18.8% y/y
Details from the Council for Mortgage Lenders. The new BOE rules have kicked in and we can probably expect the mortgage numbers values to fall for a while. There’s only been a marginal drop in prices and a sterner drop will not be a sign of panic in the housing market.
