Property Watch: Mortgage Demand Slides to Worst Low Since Bank Crisis

The Scotsman › January 07, 2011

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Summary

THERE were fresh concerns about the housing market yesterday after a new survey revealed that the demand for mortgages is at its lowest level since the banking crisis in 2008.

Demand for mortgages from people buying a home fell sharply during the fourth quarter as the lending drought continued, a report indicated.

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Property Watch: Mortgage Demand Slides to Worst Low Since Bank Crisis

A balance of 41.5 per cent of banks and building societies said borrowing for house purchase "fell markedly" during the final three mo...

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