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Survey shows gap between demand and approvals

The government’s rescue plan may help at the margins but the big problems will occur next year when the fixed rate mortgages taken out in the first half of last year come to an end.

A survey undertaken for my firm by GfK NOP on saving, investment and borrowing behaviour among 2,000 adults showed weak mortgage demand in that period, yet approvals were at near record levels. In previous quarters, demand and approvals tracked each other well. Something’s amiss here. Who took out these mortgages?

John Gilbert

Chief executive
By email


Death throes of a dying government

With the rift between Prime Minister Gordon Brown and chancellor Alistair Darling reaching untenable proportions, we should all be concerned about how much more damage the death throes of this ailing government will inflict on the mortgage market.

Leaks due soon on Crosby Report recommendations

On the Andrew Marr show this morning Ed Balls said he understood the Crosby Report was on The Chancellor’s desk. On that basis we ought to start getting leaks soon from the Government on any proposals they want to float as being worth introducing, assuming of course there are some, bearing in mind the interim […]


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