Real estate news

• Sunak’s stamp duty holiday extension has merely inflamed the housing market

  04-05-2021 20:52 via theguardian.com
  
  Throwing money at an already heated market looks nonsensical and could lose the Treasury £2bnSurprise, surprise. Presented, or so they thought, with an end-March deadline to save a few thousand pounds on stamp duty, buyers rushed to complete their house purchases. Mortgage lending in the month reached a new record.It requires no imagination to see what will happen in June, the extended deadline for the £500,000 zero band on stamp duty in England and Northern Ireland – an extens
  
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• UK mortgage lending hits record amid stamp duty rush

  04-05-2021 12:13 via theguardian.com
  
  Consumers repaying credit card debts and manufacturing booms as Covid restrictions ease, new figures showMortgage borrowing in the UK has reached its highest level since modern records began as buyers rushed to beat the now-extended stamp duty holiday deadline.Bank of England figures showed that Rishi Sunak’s decision in the budget to extend the tax break until June did not stop a burst of activity in the housing market in March. Related: Wallasey in Merseyside tops list of British propert
  
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