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UK NET MORTGAGE LENDING RISES BY MOST SINCE SEPTEMBER 2022

  • NEWS Desk Global
  • Mar 3
  • 1 min read


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British homebuyers borrowed the most in new mortgages since September 2022 in January, while approvals for new lending dropped less than expected ahead of the end of a tax break on property purchases.

Net mortgage lending rose to 4.207 billion pounds ($5.31 billion) in January from 3.343 billion in December, the highest since September 2022 when the economic plans of former prime minister Liz Truss sparked turmoil in bond and mortgage markets.

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