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UK House Prices -The next bubble waiting to burst ??
Little Beaker - Tue, 20 Dec 05 :
Premier Pompous, what are you talking about houses not selling?
The Council of Mortgage Lenders (CML) said gross lending rose by 5% in November to £28.5bn.
The CML said this was the second highest figure on record and was 30% higher than a year ago.
Separately, the British Bankers' Association (BBA) said net mortgage lending, which strips out redeemed mortgages, rose by £5.1bn last month.
That was the biggest increase since July 2004 and was higher than the average monthly figure of £4.4bn seen over the last six months.
This would seem to suggest houses are selling and you're living in Cloud Cuckooland.
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