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Monday, 4 January 2021

UK mortgage approvals up 61pc YoY

UK property boom

Huge beat for UK mortgage approvals as consumers weigh up the stamp duty holiday and the risk of negative rates.


A seasonally adjusted 104,469 was the highest month for mortgage approvals since August 2007. 


Infographic via UK data king Neal Hudson:


The borrowings will skewed towards purchases of under £500,000, due to the stamp duty holiday.