Property News · May 17, 2016

March mortgage lending 'supercharged' by stamp duty deadline


Landlords borrowed £7.1bn, 163% up on March 2015, in bid to beat 1 April deadline, says Council of Mortgage LendersMortgage lending soared to a nine-year high in March as the housing market’s traditional spring rush coincided with landlords hurrying to beat stamp duty changes, new figures show.Homeowners borrowed £13.8bn for house purchase in March, the highest monthly amount since August 2007. Meanwhile, landlords borrowed £7.1bn, which was 163% up on the £2.7bn lent in March 2015. Continue reading…

Source : theguardian.com
Read more…March mortgage lending ‘supercharged’ by stamp duty deadline