UK Mar Mtge Lending Steady, But Trend May End With Tax Break - Wall Street Journal

Mortgage Lenders

-- UK mortgage lending steady as first-time buyers take advantage of tax break

-- Government schemes may limit expected first-time buyer withdrawal

-- Inflationary pressures likely to weigh on buyer activity

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LONDON (Dow Jones)--U.K. gross mortgage lending was unchanged in February from January as demand for mortgages held steady with first-time buyers seeking to take advantage of the government's home purchase tax holiday which ends Friday, figures from the Council of Mortgage Lenders show Tuesday.

A mix of low mortgage rates and slowing inflation have also supported the market in recent months, the CML said. But, with ...

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