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U.K. Mortgage Approvals Jump in Rush to Beat Tax Increase | Tony Seruga
Feb
29

U.K. Mortgage Approvals Jump in Rush to Beat Tax Increase

By

Estate Agents' For Sale Boards As No Letup In Property-Price InflationPhotographer: Bloomberg/Bloomberg

 

  • Investors are buying properties before April stamp-duty hike
  • Foreign investors sell most government bonds since March 2014

U.K. mortgage approvals reached a two-year high in January as buy-to-let landlords rushed to beat a tax increase.

Lenders agreed to advance 74,581 loans, the most since January 2014, compared with 71,335 in December, the Bank of England said in London on Monday. Economists had forecast a reading of 74,000. Net mortgage lending climbed to 3.7 billion pounds ($5.1 billion)…

U.K. Mortgage Approvals Jump in Rush to Beat Tax Increase

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