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UK mortgage lending booms but consumers stay wary about debt

British mortgage lending showed a record surge in June as home-buyers rushed to qualify for a tax break before it was scaled back, but other data added to signs that a rise in COVID-19 cases in recent weeks slowed the broader economic recovery from lockdown.

UK mortgage lending booms but consumers stay wary about debt
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  • Shared by Reuters.
  • July 30, 2021
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Mortgage borrowing leapt by a net 17.9 billion pounds ($25.0 billion) from May, the biggest monthly increase in Bank of England records which date back to 1993.

Read more at Reuters.

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