LONDON (Reuters) – British mortgage lending surged by a record amount in June as home-buyers rushed to take advantage of a tax break before it was scaled back, Bank of England data showed on Thursday.
Mortgage borrowing rose by a net 17.9 billion pounds ($25.0 billion) in June, the biggest increase on record.
A Reuters poll of economists had pointed to a net increase of 7.9 billion pounds.
($1 = 0.7163 pounds)
Source: Read Full Article