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.
Vulnerable people still living in unsafe supported housing in England two
years after law was passed
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Charities and MP Bob Blackman urge government to implement law to tackle
scandal of ‘exempt’ accommodation
People are dying in unsafe accommodation and c...
1 day ago
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