REFILE-UK mortgage lending resumes after tax break blip

  • 9/29/2021
  • 00:00
  • 4
  • 0
  • 0
news-picture

(Removes extraneous words in second paragraph) LONDON, Sept 29 (Reuters) - British lenders increased their mortgage lending last month after the scaling back of a tax break for homebuyers at the end of June led to a rare net repayment by borrowers in July, Bank of England data showed on Wednesday. Net mortgage lending increased by 5.293 billion pounds ($7.24 billion) in August while new mortgage approvals fell very slightly to 74,453, the BoE said. A Reuters poll of economists had pointed to a net rise of 3.7 billion pounds in mortgage borrowing in August and to 73,000 mortgage approvals during the month. ($1 = 0.7311 pounds) (Reporting by William Schomberg; editing by David Milliken) Our Standards: The Thomson Reuters Trust Principles.

مشاركة :