Signs of a slowing housing market have continued with
official Bank of England data showing yet another dip in mortgage lending. Approvals of house purchase loans dropped for
the fourth successive month to 59,426. This is the lowest level since June 2013
and a 22 per cent fall on the January peak of 76,574.The figures came as
Britain's biggest building society Nationwide called on Chancellor George
Osborne to ease the burden of stamp duty, which sets back ordinary families
buying homes costing more than £250,000 at least £7,500. Read more on the This
is Money website.
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