U.K. mortgage lending reached a nine-month high in March,
a possible sign that stability is returning to the housing market. The number
of home-loan approvals climbed to 39,980, almost 6 percent higher than a year
earlier and the most since June 2018, lobby group UK Finance said The
pickup came as a surprise to economists, who had expected to see a further
slowdown last month. The housing market has been hit by Brexit uncertainty,
particularly in London, and mortgage approvals remain well below the levels
posted two years ago. Annual growth in consumer credit accelerated to 4.1
percent, the highest since June last year. Read more on the Bloomberg website.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
2 weeks ago
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