Property Matters 

Election jitters mask underlying demand for more houses

Property Matters

Property Matters
Election jitters mask underlying demand for more houses

Trawling through mortgage lending data is no easy matter, not least because short-term trends are at variance with the longer-term picture. Mortgage approvals in February, for example, rose to a six-month high as borrowers reacted to recent changes in stamp duty, the underpinning virtues of Help to Buy, and a 44 basis points drop in the average mortgage interest rate to 2.78 per cent in the last six months.

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