Mortgage lending hit all-time high in June

Money

Official figures show approvals for new loans continued to taper downwards

Mortgage lending hit an all-time high in June according to the latest Bank of England figures, which suggest loans are likely to start tapering off following the winding down of the temporary Stamp Duty cut.

The official figures showed that £43bn of house loans were made in the month, the highest figures since the data was first recorded in 1993, with net borrowing also hitting an all-time high of £17.9bn.

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