UK mortgage demand nears pre-Covid level amid stamp duty cut



UK mortgage demand nears pre-Covid level amid stamp duty cut

Bank of England figures show consumer borrowing up in July as coronavirus lockdown eased

Mortgage demand increased sharply and consumer borrowing rose for the first time in five months as the UK emerged from its Covid-19 lockdown in July, the Bank of England has said.

The latest Threadneedle Street data showed the number of new home loan approvals jumped from 39,900 in June to 66,300 in July.

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Source: Guardian

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