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Stamp duty receipts from April to August tumbled by 28% to £6.4bn from the same period a year ago, HMRC data shows. The government tax body says the fall over the five-month period was driven by “fewer transactions, a rise in the nil rate threshold and more generous first-time buyer relief put in place last ....
The housing market is likely to “remain depressed” towards the end of the year, says Bloomberg Intelligence, reinforcing its forecast of a 5% fall in house prices across 2023. Lower home completions flagged by such housebuilders as Barratt and Taylor Wimpey in recent weeks, will hamper sales in the fourth quarter of ....
Mortgage approvals plunged almost 10% in July as affordability challenges continue for potential house buyers. This is according to the latest BoE Money & Credit data which shows that net mortgage approvals decreased from 54,600 in June to 49,400 in July, while approvals for remortgaging slightly increased from ....
BoE: £5.3bn of mortgage debt borrowed in August - Mortgage Introducer mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
Bank of England: Net mortgage borrowing surged in May mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.