UK homeowners repay £1.4bn more mortgage debt in July than they borrow

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Tapering of stamp duty holiday in England and Northern Ireland fuels drop in housing market activity

UK homeowners made a rare net repayment of mortgage debt in July as the tapering of the stamp duty holiday in England and Northern Ireland fuelled a drop in housing market activity after a record June.said individuals collectively paid back £1.4bn more of mortgage debt than they borrowed, in the first net repayment since the housing market ground to a halt during the first wave of Covid-19 in April 2020.

 

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Leech is not as loathsome as these parasites are.

The lucky ones on furlough or full time work. Unlike 1-2 million 1950s born women still no State Pension and NO Covid payments, expected by Conservative Govt to be 'kept' by husbands, partners or family & friends. Or just starve or commit suicide!

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