Mortgage lending slumped to a 10 year low as the stamp duty holiday ended

Mortgage lending slumped to a 10 year low as the stamp duty holiday ended

Figures released last week show that mortgage lending slumped to a 10 year low during January following the end of Labour’s stamp duty “holiday”.

According to the Council of Mortgage Lenders (CML) www.cml.org.uk  total mortgage advances were down 32% to £9.1 billion during January, the lowest level since February 2000.   To see the rest of this article click here