Property News · April 26, 2016

Mortgage lending for March returns to record high of £17bn


Rush to beat stamp duty deadline lifts lending to the peak levels seen before the financial crash of 2008Mortgage lending surged dramatically in March, returning to the peak levels last seen before the financial crash, as buy-to-let speculators and second home buyers rushed to beat the stamp duty tax deadline. Total lending rose to £17.1bn, 64% higher than the same month a year ago, and the highest figure since April 2008, according to the British Bankers Association. Continue reading…

Source : theguardian.com
Read more…Mortgage lending for March returns to record high of £17bn

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