Rush to defeat stamp duty deadline lifts lending to the peak levels seen before the financial crash of 2008Mortgage lending surged dramatically in March,returning to the peak levels final seen before the financial crash, as buy-to-let speculators and second home buyers rushed to defeat the stamp duty tax deadline. Total lending rose to £17.1bn, or 64% higher than the same month a year ago,and the highest figure since April 2008, according to the British Bankers organization. Continue reading...
Source: theguardian.com