House price inflation across the UK jumped to 9% in
March, as landlords rushed to beat stamp duty changes, official figures show.
The Office for National Statistics (ONS) said the figure was up from 7.6% in
the year to February. Separate figures showed the amount of money borrowed for
home loans in March was the highest for nearly nine years. The Council of
Mortgage Lenders (CML) said £13.8bn was lent during the month, 59% more than in
February. The figure was the highest for any month since August 2007. Landlords
and buyers of second homes have had to pay an extra 3% in stamp duty since the
start of April. Read more on the CML website.
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