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UK mortgage applications at 12-year high as house prices keep rising

News / Wed 7th Oct 2020 at 09:56am

MORTGAGE applications in the UK have surged to a 12-year high as house prices rose at the fastest annual pace since mid-2016, the mortgage lender Halifax has reported.

Halifax, which is part of Lloyds Banking Group, the UK’s biggest mortgage lender, said the market was fuelled by a desire for more space, with more people working from home in the wake of the Covid-19 pandemic, but warned that rising unemployment and recession will suppress demand further out.

The full article in The Guardian can be read here

https://www.theguardian.com/business/2020/oct/07/uk-mortgage-approvals-at-12-year-high-as-house-prices-keep-rising

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