Connect with us

Business

Record rise in UK mortgages after extended tax relief

Avatar

Published

on


LONDON (Reuters) – UK mortgages posted the largest net increase on record in March after Finance Minister Rishi Sunak extended a tax cut on property purchases, data from the Bank of America showed on Tuesday. England.

FILE PHOTO: Advice from estate agents is posted in Apsley, Hertfordshire, Great Britain October 12, 2020. REUTERS / Matthew Childs

Mortgages increased by a net £ 11.8 billion ($ 16.4 billion) in March, the largest increase since the series began in April 1993, the BoE said.

UK lenders approved 82,735 mortgages in March, down about 5,000 from February and a recent high of over 103,000 in November, according to BoE data.

A Reuters poll of economists had reported 92,300 approvals.

The UK housing market rebounded strongly after the first coronavirus foreclosure in the spring of 2020 and Sunak announced on March 3 that it was extending the stamp duty property tax cut for buyers.

The first 500,000 pounds of any real estate purchase in England or Northern Ireland will remain exempt from stamp duty until the end of June, and there will be a duty free deduction of 250,000 pounds until the end of June. month of september.

Mortgage lender Nationwide said last week that UK home prices jumped 2.1% in April, their biggest monthly increase in more than 17 years.

BoE data released on Tuesday showed unsecured consumer loans to be 8.6% lower than in March 2020. Britain’s first lockdown against the coronavirus began in late March 2020.

A net repayment of £ 0.5bn in March 2021 was lower than the average repayment of £ 1.9bn over the past year, the BoE said.

(1 USD = 0.7205 pounds)

Reporting by William Schomberg and David Milliken

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]