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Tuesday, June 14, 2011

CML prospects for 2011

Any body remember the 80s?  Are you really that old?  Me too.

If so the present economic shenanigans is all very familiar.

At the time the mood music was provided by Simply Red.  Ginger crooner Mick Hucknall belted out the line "Money to tight to mention"

Looking at the latest report from the Council of Mortgage Lenders (CML) that about sums up the current housing market.

Lending down, Economic activity down, Repossessions up.

The highlight is that the CML points to stable housing market and is positive about buy-to-let fueled by rising rents.

But until lending increases the market is likely to stay becalmed and money will remain too tight to mention.

Landlord insurance for LESS

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