The Bank of England’s latest figures for housing equity withdrawal (HEW) suggest that the situation facing home-owners has become more challenging. The Bank estimates that for the second quarter in succession individuals actually made a net financial injection into housing equity. In other words, they spent more on housing than they borrowed in the form of mortgage finance.
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Article by the Council of Mortgage Lenders.
Data partially sourced from the CML/BankSearch Regulated Mortgage Survey.