David Dooks Quotes

Weaker mortgage lending in the first half of 2005 led to annual totals weaker than in 2004, but gross lending and loans approved for house purchase finished the year on an upward trend, after allowing for seasonal factors.

- David Dooks

Tags

Weaker | Mortgage | Lending | 2005 | Annual |

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Whilst partly reflecting the high number of working days in the month, the approvals numbers show that mortgage activity is running at a higher level than at this time last year, although the market is still somewhat short of the heady times of 2004. - David Dooks

But they are by no means yet approaching the levels of activity seen in 2004. - David Dooks

The underlying rise in mortgage lending was close to trend in January, suggesting stronger growth towards the end of 2005 may not have established a sustained upturn in lending. - David Dooks