UK Mortgage & Property Related News
As the government’s stamp duty holiday comes to a close at the end of March, an estimated 25,000 first-time buyers in England are set to miss the deadline, risking up to £11,250 in extra charges when their purchases complete in April.
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The number of mortgages approved reached a near two-year high, according to Bank of England figures, as hopes of cheaper borrowing encouraged would-be buyers.
Mortgage approvals increased to 62,000 in July, a level not seen since September 2022, a sign that buyers were waiting for hopes of reduced interest rates and the associated lower mortgage bills.
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