We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hitting home

23 November 2007 By Edward Hadas

The value of new mortgage approvals in October was 27% lower than the monthly average for the previous six months. It s not just a fallout from Northern Rock. Rather, it looks like the credit crunch is hitting home, literally. Rate cuts might not be enough to reverse this trend.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)