• Latest
  • Trending
Record jump for UK mortgage lending after tax break extended

Record jump for UK mortgage lending after tax break extended

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Ford sells shares in EV maker Rivian for $214 MLN

Court puts sales ban on Ford’s internet linked cars in Germany

There is nothing left before Blockchain Fest in Singapore

There is nothing left before Blockchain Fest in Singapore

Exclusive Hyundai to slash combustion engine line-up, invest in EVS

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

SONY expects profit to slip after pandemic boom

Sony readies for metaverse revolution with cross-platform push

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

Tesla loses $ 126 BLN in value amid Musk Twitter deal funding concern

Elon Musk says Twitter legal team told him he violated an NDA

Tech firms asks US supreme court to block Texas social media law

Tech firms asks US supreme court to block Texas social media law

US FAA shifts gears on certifying future flying taxi pilots

US FAA shifts gears on certifying future flying taxi pilots

Ford sells shares in EV maker Rivian for $214 MLN

Ford sells shares in EV maker Rivian for $214 MLN

Fed’s Waller says now is the time to hit it on raising rates

Fed’s Waller says now is the time to hit it on raising rates

All the best is yet to come in Singapore: Blockchain Fest 2022

All the best is yet to come in Singapore: Blockchain Fest 2022

Global Business Review Magazine
Wednesday, May 25, 2022
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Record jump for UK mortgage lending after tax break extended

Record jump for UK mortgage lending after tax break extended

After finance minister Rishi Sunak extended a tax cut for property purchases, British mortgage lending showed the biggest net increase on record. The Bank of England data stated that the Mortgage borrowing rose by a net 11.8 billion pounds ($16.4 billion). This is the biggest increase since the series began in April 1993.

British lenders approved 82,735 mortgages. Britain’s housing market rebounded strongly after this pandemic lockdown. Sunak announced that he was extending the cut in stamp duty land tax for buyers. The first 500,000 pounds of any property purchase in England or Northern Ireland will remain exempt from stamp duty until the end of June, and there will be a 250,000 pound tax-free allowance until the end of September.

YOU MAY ALSO LIKE

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Fed’s Waller says now is the time to hit it on raising rates

Unsecured lending to consumers was 8.6% lower than in March 2020. Mortgage lender Nationwide said that British house prices jumped by 2.1% in April and this is their biggest monthly rise in more than 17 years. A net repayment of 0.5 billion pounds in March 2021 was smaller than the average repayment of 1.9 billion pounds over the past year.

Tags: Mortgage LendingUnited Kingdom
ShareTweetShare
Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering
  • Court puts sales ban on Ford’s internet linked cars in Germany
  • There is nothing left before Blockchain Fest in Singapore
  • Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business
  • Sony readies for metaverse revolution with cross-platform push

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version