Mortgage lending fell sharply last month after the government wound down the stamp duty holiday.
Net borrowing using mortgage debt tumbled to £1.6bn in October, down from £9.3bn in the previous month, according to the Bank of England. The lending figure was the lowest since July, when borrowers repaid £2.2bn of their mortgage debt.
Gross lending tumbled to £19.3bn last month from £30.7bn in September, while total repayments fell to £18.2bn from £20.6bn.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
