{"id":796,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/bank-of-england-expects-little-change-in-house-prices-as-lending-falls-again\/"},"modified":"2018-02-20T02:40:24","modified_gmt":"2018-02-20T02:40:24","slug":"bank-of-england-expects-little-change-in-house-prices-as-lending-falls-again","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/bank-of-england-expects-little-change-in-house-prices-as-lending-falls-again\/","title":{"rendered":"Bank of England expects little change in house prices as lending falls again"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>&nbsp;<\/p>\n<div><img loading=\"lazy\" class=\" aligncenter\" src=\"http:\/\/topnews.net.nz\/images\/mortgage-lenders_0.jpg\" alt=\"\" width=\"300\" height=\"201\" border=\"0\" \/><\/div>\n<div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">The Bank of England has warned that <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> prices are likely to remain stable or even decline in 2011 amongst continued concerns about the lack of access to mortgage finance.\u00a0The lowest September mortgage <a class=\"wl-entity-page-link\" title=\"Loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/loan;http:\/\/rdf.freebase.com\/ns\/m.01dnzs;http:\/\/dbpedia.org\/resource\/Loan\" >lending<\/a> total since 2000 did little to assuage concerns about the fragile state of the UK <a class=\"wl-entity-page-link\" title=\"Real estate economics\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/real-estate-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/real_estate_economics;http:\/\/rdf.freebase.com\/ns\/m.04t2q1;http:\/\/dbpedia.org\/resource\/Real_estate_economics\" >housing market<\/a>.<\/span><\/p>\n<\/div>\n<div>\n<p><strong style=\"font-family: Verdana; font-size: 10pt;\"><a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >Property<\/a> prices continue to stagnate<\/strong><\/p>\n<\/div>\n<div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">The Bank of England published its <\/span><em style=\"font-family: Verdana; font-size: 10pt;\">Trends in Lending<\/em><span style=\"font-family: Verdana; font-size: 10pt;\"> report this week and stated that lenders expect house prices to \u2018remain little changed or to decline slightly in 2011\u2019.\u00a0The Bank also reported that mortgage lending had been lower than anticipated over recent months due to worries about Government spending cuts and continuing economic uncertainty.<\/span><\/p>\n<\/div>\n<div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">The <\/span><em style=\"font-family: Verdana; font-size: 10pt;\">Daily Telegraph<\/em><span style=\"font-family: Verdana; font-size: 10pt;\"><\/span> reports that \u2018lenders do not expect a significant <a class=\"wl-entity-page-link\" title=\"Land improvement\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/land-improvement\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/land_improvement;http:\/\/rdf.freebase.com\/ns\/m.0gjvr_;http:\/\/dbpedia.org\/resource\/Land_improvement\" >improvement<\/a> in the number of <a class=\"wl-entity-page-link\" title=\"Mortgage loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/mortgage-loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/mortgage_loan;http:\/\/rdf.freebase.com\/ns\/m.0273t5w;http:\/\/dbpedia.org\/resource\/Mortgage_loan\" >mortgages<\/a> approved for those buying a new <a class=\"wl-entity-page-link\" title=\"Housing estate\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a> before the end of the year, with approvals to fall or remain broadly unchanged\u2019.<\/p>\n<\/div>\n<div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">Mortgage lending dropped to a 10-year low last month, extinguishing any sign of a traditional post summer bounce in mortgage activity. <\/span><\/p>\n<\/div>\n<div><strong style=\"font-family: Verdana; font-size: 10pt;\">Mortgages still hard to come by say experts<\/strong><span style=\"font-family: Verdana; font-size: 10pt;\">Jonathan Cornell, of First Action Finance, said: \u201cThere\u2019s a chronic lack of funding in the <a class=\"wl-entity-page-link\" title=\"Market (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/market-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics;http:\/\/dbpedia.org\/resource\/Market_(economics)\" >market<\/a> and with the austerity measures kicking in, the situation is going to get a <a class=\"wl-entity-page-link\" title=\"Land lot\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/land-lot\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/land_lot;http:\/\/rdf.freebase.com\/ns\/m.0gs32y;http:\/\/dbpedia.org\/resource\/Land_lot\" >lot<\/a> worse. Anyone hoping for house price rises is going to be bitterly disappointed.\u201d <\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: 10pt;\">Melanie Bien, of mortgage brokers Private Finance, agrees.\u00a0\u201cSwingeing public sector job cuts are set to have a significant impact on house prices. In those parts of the country where many are at risk of losing their jobs, getting a mortgage is going to become increasingly difficult because of the uncertainty, which will have a negative impact on prices.\u201d <\/span><\/div>\n<div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">The Bank of England themselves recently warned that lenders had \u2018tightened credit scoring criteria\u2019 and were expect to tighten them even further as they adopted a more \u2018cautious approach\u2019.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Bank of England has warned that house prices are likely to remain stable or even decline in 2011 amongst continued concerns about the lack of access to mortgage finance.\u00a0The lowest September mortgage lending total since 2000 did little<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/bank-of-england-expects-little-change-in-house-prices-as-lending-falls-again\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/bank_of_england_expects_little_change_in_house_prices_as_lending_falls_again","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/796"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=796"}],"version-history":[{"count":5,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/796\/revisions"}],"predecessor-version":[{"id":15166,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/796\/revisions\/15166"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=796"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}