BoE: home equity withdrawals rising but still negative
On Tuesday, the Bank of England published its estimates for housing equity withdrawal in the fourth quarter of 2009.
More commonly referred to as mortgage equity withdrawals, housing equity withdrawal can be thought of as new borrowing secured on dwellings that is not invested in the housing market. It measures mortgage lending that is available for consumption or for investment in financial assets through equity extraction.
According to the Bank's report net housing equity withdrawal was -£4
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