The Council of Mortgage Lenders has advised that mortgage lending for home buyers dipped by 9% in November. It also advises that the number of loans to first time buyers in November was down 8% month on month. I have a mixed reaction to these figures. On the one hand volumes are higher than a year ago but these figures potentially show a slowing housing market and this is a trend that will need to be monitored. As I have said previously there are always mixed messages from housing market statistics but these figures certainly warn that there is no room for complacency. I will continue to monitor the market and report.
Lindsay Darroch
Head of Property
www.blackadders.co.uk
