Net mortgage borrowing reached a record high of £17.9
billion in June, just before the lower stamp duty rates began to taper off from
July, according to the Bank of England. The previous record, in March 2021, was
£11.5 billion, and borrowing has averaged £5.4 billion in the 12 months to May
2021. The Bank says its figures suggest there has been a shortening of time
between a mortgage being approved and the lending itself, as there was no large
rise in the number of mortgage approvals in recent months, unlike ahead of the
strong net borrowing in March. Read more on the Financial Reporter 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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