You are here
UK mortgage lending slows to weakest pace since 2012 amid new tax
Property information leaflets at an estate agent's office in London. Mortgage lending grew just £281 million in April, a fraction of the £3.8 billion increase forecast from a Reuters poll of economists.
PHOTO: BLOOMBERG
London
BRITISH mortgage lending slowed to a crawl in April, increasing at the slowest pace since 2012 as a new tax on landlords took effect, while mortgage approvals also dropped, official data showed on Wednesday.
Mortgage lending grew just £281 million (S$558 million) in April, a
GAIN ACCESS TO ALL BT PREMIUM CONTENT:
Or get a 2-week FREE trial
Need help?
- CALL +65 6388 3838
- EMAIL btocs@sph.com.sg
