Property News · February 24, 2016

Mortgage approvals 'boosted by stamp duty change'


High street banks report rise in loans for both purchases and remortgages in England and Wales ahead of higher tax on second homesHigh street banks have reported a strong start to the year in the mortgage market, saying buy-to-let investors may be driving some of the growth as they try to complete ahead of higher stamp duty rates in April.The number of mortgages approved by high street banks was up by a third year-on-year in January, with strong increases in both remortgaging and house purchasing, figures from the British Bankers’ Association show. Continue reading…

Source : theguardian.com
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