Bank of England records broken as Mortgage Lending Soars.

Mortgage lending has skyrocketed to the point of being the strongest since Bank of England records began.

With the Government’s 95% mortgage scheme coupled with stamp duty land tax holiday, mortgage lending is soaring and has shown the biggest net increase on record according to the Bank of England.

Lenders approved 82,735 mortgages in March – some 5,000 fewer than in February – but the March 2021 figure was 45 per cent up on March 2020. Furthermore, one in five first time buyers have been able to get a mortgage on the first attempt over the past 15 months – a huge change from nearly half that were able to pre-Covid-19.

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