Drop In Mortgages Leads To Shocking Halt In House-Building, Largest UK House-Builder Reports

Posted In: Mortgage Refinance
The severe drop in approved mortgages are being blamed for UK homebuilding giant Persimmon's report that it will halt work on new sites until the market improves. Recent reports indicate that the number of approved mortgages has plumetted to 50 per cent of what it was last March.