Lenders expect to boost mortgage supply between now and May April 15 2021, 11.30am
Lenders expect to boost the supply of mortgages between now and the end of May, according to a Bank of England survey (Yui Mok/PA)
Lenders expect to boost the supply of mortgages between now and the end of May, a Bank of England survey has found.
Demand for loans, for both house purchase and re-mortgaging, is also predicted to jump during the period, according to the Bank’s credit conditions survey.
Banks are preparing to unveil details of new 5% deposit mortgage deals in the coming days, under a new Government-backed scheme.
Lenders expect to boost mortgage supply between now and May
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Lenders expect to boost mortgage supply between now and May
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House sales picked up sharply in March as stamp duty holiday was extended April 8, 2021, 12:05 am
House sales picked up sharply in March, according to the Royal Institution of Chartered Surveyors (Anthony Devlin/PA)
House sales picked up sharply in March amid signs that the extension of a stamp duty holiday had an immediate impact on the housing market, according to surveyors.
A net balance of 50% of property professionals reported an increase rather than a decrease in agreed sales, the Royal Institution of Chartered Surveyors (Rics) said.
It marked the strongest sales surge since last August.
A stamp duty holiday had been due to end on March 31, but this was extended in the recent Budget.
House sales surge after stamp duty extension
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