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SALES NEWS: Referendum and stamp duty worries not hurting housing market

24/05/16

The housing market is still strong according to new figures from the Council of Mortgage Lenders.

The gross mortgage lending in April across the UK reached £18.5 billion – this is 16 per cent higher than April 2015 and the highest April figure since 2008.

This comes despite a temporary drop in the number of buy to let landlord buyers following the introduction of higher stamp duty for second homes, and despite concerns in some quarters about economic uncertainty surrounding the EU referendum.

“The underlying picture still shows signs of growth, as the housing market remains underpinned by strong fundamentals such as increasing wages and rising employment” says a spokesman for the CML.

 

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