UK mortgage lending slows to weakest pace since 2012 amid new tax
Thu, Jun 02, 2016 - 5:50 AM
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.
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...