Connect with us


UK mortgage lending hits record amid stamp duty rush – The Guardian

Consumers repaying credit card debts and manufacturing booms as Covid restrictions ease, new figures show



Article feature image

Mortgage borrowing in the UK has reached its highest level since modern records began as buyers rushed to beat the now-extended stamp duty holiday deadline.
Bank of England figures showed that Rishi Sunaks decision in the budget to extend the tax break until June did not dampen a burst of activity in the housing market in March.
Although the number of new mortgage approvals dropped from 87,000 to 83,000 in March, they remained higher than the 73,000 recorded in February 2020, the last month before…

Click here to view the original article.