Mortgage lending at low

Mortgage lending at nine-year low
BBC Article interesting says: "Lending was just over a third of level seen in 2007, revealing the extent to which the UK property bubble has burst."
The Council of Mortgages Lenders says it expects rates to rise soon too.
Why is this good news? It might not be if you've not got a good chance of getting a mortgage, but as prices are likely to drop, is now a good time to buy a house? I don't think so - so keep saving your deposit!

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