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London Home Loans Fall 19 Percent as Supply, Affordability Bite

By Tony Seruga

The number of buyers using mortgages to purchase London homes fell by almost a fifth in the first quarter as high values and limited supply damped demand.

About 16,700 loans were advanced in the first quarter, a 19 percent decline from a year earlier, according to data published Wednesday by the Council of Mortgage Lenders. The homebuyers borrowed 5.4 billion pounds ($7 billion) in the period, a 22 percent drop…

London Home Loans Fall 19 Percent as Supply, Affordability Bite

Categories : Finance, Real Estate

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