1 article says mortgages approvals are down, the next says they are up.. Does anyone know what is going on??
As with all statistics on house prices and the housing market both in Clevedon and nationally you need to look at the source of the data. Often these reports are produced by individual lenders based solely upon their product range. If they have a good product their lending will be up and vice versa.
You also need to look at what they are comparing them to. Lending might be up on last year but last year the market was not good whilst the same figures might be down on the year before when the market was reasonably active.
You also need to take into account the normal seasonal fluctations of the market which should reflect the impact of the holiday season, ie. reduced numbers of transactions in August therefore a reduction in lending month on month would not be an unreasonable expectation.
To get a realistic view of the market listen to all the articles add them all together and form an opinion based on the overall view and not on one in isolation.