Mortgages Hit An Eight-Month High

Mortgage lending has hit an eight-month high as house-buyers return to the market. Bank of England figures showed 67,505 loans were approved for house purchase in November – the most since March. The report suggested confidence has returned to the housing market following a dip in lending in the aftermath of the EU referendum in June. Confidence was also hit by a string of tax changes introduced by George Osborne, including higher stamp duty on more expensive properties and a raid on buy-to-let landlords. Just 61,359 loans were approved for house purchase in August, the lowest level since February 2015, as would-be buyers stayed away. Read more on the Daily Mail website.