• Mortgages
  • Credit Cards
  • Loans
  • Investments
  • Life Insurance
  • Home Insurance
  • Insurance


 
 

New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Financial Services > Mortgages > Mortgages News
Stamp duty hits mortgage lending
Fri, 19 Feb 2010
Mortgage providers have revealed that lending in the UK market fell dramatically last month.

According to the Council for Mortgage Lenders (CML), gross lending for home loans fell by 32 per cent compared with December to £9.1 billion.

The decline in lending has, in part, been attributed to the rush to conclude mortgage deals before the end of the stamp duty holiday .

Paul Samter, the CML's chief economist, explained that the hangover has been created by changes to the stamp duty threshold.

He said: "Recent developments have been influenced by the end of the stamp duty holiday, and are likely to foreshadow a larger than usual seasonal drop off in activity in the early part of this year."

Meanwhile, the CML recently announced that it is to support the Treasury's proposal to extend regulation to cover second-charge mortgages and to ensure that borrowers are protected when mortgage books are sold on.

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.

Free mortgage quoteFree Mortgage Quote

Mortgages in Scotland Mortgages in Scotland

Equity releaseEquity Release

  • Unlock equity in your home.

Switching mortgagesSwitching Mortgages

Home reversion plansHome Reversion Plans

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover

Mortgage Newsletter